1/8
£290,000
3 beds · 1 bath · 904 sq ft
Oleander Crescent, Cherry Lodge, Northampton, NN3
0.19 miles
away
Freehold
Added on 16/09/2026 
1/10
1/10
£82,000
Offers over 1 bed flat for sale Studio Apartment, Downwood Close
1
bed 1
bath Flat
Leasehold
Added on 16/09/2026
About this property
It is a ground floor studio apartment in a quiet road / suburb on the east of Northampton which is ideal as a rental as properties of this type are always popular with tenants who don't want to live in shared accommodation. This studio apartment would be an excellent investment opportunity. Offered to the market in good condition, it is immediately ready to rent and a conservative rent of £700PCM would give a headline return of over 9% before service charges and over 7.
Key features
- LONG LEASE 900+ YEARS
- NO CHAIN
- 9% RETURN ON ASKING PRICE
Floorplan
Location
Studio Apartment, Downwood Close, NN3 8PU
- Council tax
- Band D (Approx £2,487/year)The agent has not stated the band, so band D is shown as the local reference: West Northamptonshire's 2026/27 area average, including the typical parish precept. The actual band and any discounts change the bill.
Mortgage and stamp duty
Property price £82,000
£41k £123k
Deposit10% £8,000
£0 £82k
Interest rate 4.5%
0.5% 15%
Repayment period 25 years
5 years 40 years
A £74,000 mortgage. Most lenders would want a household income of about £17,000 to support it.
A guide only, for a capital repayment mortgage. The rate you are offered and what you can borrow depend on your circumstances and a full application with a lender or broker. Your home may be repossessed if you do not keep up repayments on your mortgage.
Historic sold prices nearby
HM Land Registry sales in NN3 8PU. Floor areas from Energy Performance Certificates where matched.
| Address | Type | Sold | Size | Size | £/sq ft | Price |
|---|---|---|---|---|---|---|
| 3a, Downwood Close Flat / maisonette | Flat / maisonette | Nov 2025 | 280 sq ft £286/sq ft | 280 sq ft | £286 | £80,000 |
| 2, Downwood Close Terraced | Terraced | Aug 2025 | 689 sq ft £305/sq ft | 689 sq ft | £305 | £210,000 |
| 11, Downwood Close Detached | Detached | Nov 2022 | 1,227 sq ft £285/sq ft | 1,227 sq ft | £285 | £350,000 |
| 9, Downwood Close Semi-detached | Semi-detached | Dec 2021 | 710 sq ft £303/sq ft | 710 sq ft | £303 | £215,000 |
| 10, Downwood Close Semi-detached | Semi-detached | Oct 2021 | 689 sq ft £269/sq ft | 689 sq ft | £269 | £185,000 |
| 18, Downwood Close Semi-detached | Semi-detached | Jul 2020 | 732 sq ft £269/sq ft | 732 sq ft | £269 | £197,000 |
| 7, Downwood Close Semi-detached | Semi-detached | Sept 2017 | 753 sq ft £272/sq ft | 753 sq ft | £272 | £205,000 |
| 4d, Downwood Close Flat / maisonette | Flat / maisonette | Jun 2017 | 291 sq ft £237/sq ft | 291 sq ft | £237 | £69,000 |
Area insights
The neighbourhood around this property.
Marketed by
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