Wellingborough, NN8 1JL | Investment Property for Sale | VES-NN8-002

Opportunity to purchase a 6-unit block in Wellingborough generating £48,480 rent pa & gross yield of 5.4%

£900,000

6-unit Block

VES-NN8-002

INITIAL INVESTMENT

£262,500

Based on

deposit: £225,000

stamp duty: £30,000

mortgage fees: £1,500

conveyancing fees: £6,000

GROSS RENT

£48,480

GROSS YIELD

5.4%

ADD TO FAVOURITES

The block

TENURE

Freehold

NO OF UNITS

6

TENANCY STATUS

Tenanted

FURNISHED

Yes

TOTAL SQ FT

2,594

PRICE SQ FT

£347

Block information

  • Renovated and fully tenanted block
  • Spread over 2 floors
  • Comprising of:
    • 2 x 1-bed apartments
    • 4 x 2-bed apartments
  • The ground-floor 2-bed apartment comes with it's own garden
  • EPC ratings D & E
  • Council tax band A

Rental income

  • Aggregate rental income: £4,040 pcm
  • Aggregate rental income: £48,480 pa
  • Aggregate gross yield: 5.4%

Location information

  • Wellingborough town centre is just over half a mile away from the property
  • There are some bus stops a short walk from the property with regular services
  • Wellingborough railway station can be reached in 10 minutes on foot

Note

Please note that Vesta has not visited this property and that all material has been provided by the vendor.

Floorplans

Documents available on request, please contact for viewings or further questions.

The information relating to this property is supplied by the vendor and was the latest available information at the time of listing. Certain information may expire or become inaccurate over time.

Vesta makes no warranty as to the accuracy or completeness of the property listing or any associated information. All information should be reviewed by the purchaser and their solicitor.

About Wellingborough, East Midlands

Wellingborough is a large market town in Northamptonshire. It is located approximately 11 miles north-east of Northampton.

The A45 dual carriageway to the south links the town with the A14 and the M1. The A45 connects Wellingborough to Northampton, Rushden, Higham Ferrers and Peterborough, whilst the M1 leads to London and Leeds.

Wellingborough railway station is operated by East Midlands Trains, which runs direct trains to London St Pancras International in under an hour. The station also connects the town with Bedford, Luton, Kettering, Corby, Leicester, Nottingham, Derby, Sheffield and Leeds.

Some of Wellingborough’s places to visit are The Wellingborough Museum, which is housed in a Victorian swimming pool; All Hallows Church, which dates from 12th century; The Castle Theatre, a mixed-use centre for theatre, cinema and art and Croyland Abbey.

Nearby Irchester Country Park offers cycle routes, several walking trails in the 200-acre woodland and an adventure course with zip lines. Stanwick Lakes, just outside Stanwick village, equally offers a variety of activities including team building days, wildlife & bird watching, traditional crafts courses, outdoor theatre productions, children’s holiday club and others.

With its close proximity to Northampton Wellingborough is an ideal commuter town. Some of the big private employers in Northampton are Weetabix, Travis Perkins, Nationwide Building Society, RS Components, iPSL and Barclaycard.

Vivian Road,

Wellingborough,

Northamptonshire,

England,

NN8 1JL

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Your capital is at risk. Property values may decline and the property might not be able to be rented at amounts sufficient to cover debt interest costs, operating expenses and liabilities, and might not result in a positive cash flow. Property is an illiquid asset and should not be viewed as a short-term investment.

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