5 bed terraced house for sale

Colwyn Road, Northampton NN1

Summary
This substantial four-story Victorian townhouse, boasting character features has been expertly converted into five self-contained apartments. Local bus routes which take you directly of Northampton Town Centre & Northampton Train Station, and overlooking the Racecourse

description
Discover an exceptional investment opportunity with this substantial four-storey Victorian town house, which has been converted into five self-contained apartments. This freehold property offers a unique chance to acquire a high-yielding asset in a prime location. The property previous had a HMO licence which renewal licence has been applied for, offering the potential for lucrative multi-let occupancy (subject to obtaining the relevant licences and complying with regulations).The location is unbeatable, situated within easy reach of Northampton Town Centre, Northampton Train Station (offering direct links to London), and a wide array of local amenities, including shops, restaurants, coffee shops, and bars. This characterful property retains many original Victorian features, adding to its unique charm and appeal. It also benefits from its rear aspect backing onto Northampton's historic Racecourse. The property was built to fully appreciate the racing. The Racecourse itself is steeped in history. After unofficial racing was stopped in 1681, race meetings resumed in 1727, and in 1737 the first official race meet was held. It was frequently visited by royalty, including the Prince of Wales, later Edward VII. This property is ideally suited for investors seeking a high-yielding, low-maintenance investment in a prime location. With strong rental demand and excellent transport links,

Auctioneer's Comments
This property is offered through Modern Method of Auction. Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited. This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).

The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6600.00 including VAT. This fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to complete an identification process with iamsold and provide proof of how the purchase would be funded.

The property has a Buyer Information Pack containing documents about the property. The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding. A sample of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of no more than £349 inc. VAT towards the preparation cost of the pack. Please confirm exact costs with the auctioneer.

The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral. These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change.

Agents Note
Room Measurments & Descriptions

1. Money laundering regulations - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.