Billing Road, Northampton, NN1

Overview

Five one-bedroom flats on Billing Road, Northampton (NN1), held in a single limited company and offered as a sale of the company’s shares on a guide of £675,000 for the property. The building was converted into five self-contained flats under a full planning permission granted in 2024, and each flat has its own energy certificate, lodged in late 2025. The vendor states the flats are let at £1,000 a month each, a vendor-stated rent of £60,000 per annum and a gross yield of 8.9% at the guide. That is the vendor’s figure: no tenancy agreements or rent schedule have been seen yet, and one flat is currently being re-let. Tenure is to be confirmed from the title in the legal pack.

Investment highlights

• Five one-bedroom flats in one company: two on the ground floor, two mid-floor, one top-floor
• Flats of 38 to 46 m² (409 to 495 sq ft), 205 m² (2,207 sq ft) in total
• Vendor-stated rent of £1,000 a month per flat, £60,000 a year, 8.9% gross at the £675,000 guide (to be evidenced; one flat being re-let)
• Leveraged share sale: the company’s existing secured finance stays in place, with its terms provided under NDA
• Share purchase: stamp duty at 0.5% on the share consideration rather than SDLT on five flats
• Conversion to five flats under full planning permission granted in April 2024
• Central Northampton postcode (NN1), offered direct from the vendor

Location

Billing Road runs east out of Northampton town centre towards Abington, lined with period buildings, many of them now converted to flats.

The numbers

Guide price (property value)	£675,000
Structure	Sale of the shares in a single limited company; the company’s existing secured finance stays in place (terms under NDA)
Rent pa	£60,000 (vendor-stated: 5 × £1,000 pcm, not yet evidenced)
Gross yield	8.9% on the vendor-stated rent
Units	5 × one-bedroom flats
Floor area	205 m² (2,207 sq ft) in total, 38 to 46 m² per flat
Energy	All five flats EPC band E, electric heating
Stamp duty	0.5% on the share consideration (no SDLT on the flats)
Planning	Full planning permission for five flats, granted April 2024
Tenure	To be confirmed from the title

Rent schedule

Flat 1 (top floor)	£1,000 pcm (vendor-stated)
Flat 2 (mid floor)	£1,000 pcm (vendor-stated)
Flat 3 (mid floor)	£1,000 pcm (vendor-stated)
Flat 4 (ground floor)	£1,000 pcm (vendor-stated)
Flat 5 (ground floor)	£1,000 pcm (vendor-stated)
Total	£5,000 pcm · £60,000 pa (vendor-stated; one flat currently being re-let)

Before you commit

As with any company purchase, the legal pack should cover the company’s accounts and its debt, every tenancy, deposit and the arrears position, the title, and the planning and building-regulation sign-off of the conversion, including its planning conditions. The figures in our investment pack are an illustration of company finance, not the company’s actual borrowing. Request the pack below for the full breakdown.