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Northampton town centre is set to acquire 13 new flats in a popular part of town. The building has been valued at £2.2million.

The flats are replacing the former Imperial Chinese restaurant and part of Sazerac nightclub in St Giles Street.

They are set to be completed in January 2023. The plans were approved by West Northamptonshire Council in December 2021.

Being advertised as a fantastic business opportunity, these apartments are situated in a Victorian building in the heart of the town and are set over three floors. The interior will be fully refurbished with a contemporary feel.

Key features include:

  • 10 one-bedroom and three studio apartments
  • With freehold
  • Expected annual income of over £147,000 (£750/per month studio apartments, £1,000/per month one-bedroom apartments)

Other recent developments announced for Northampton include a £4.7million major transformation in the town’s Cultural Quarter.

With aims to create a vibrant and innovative public space for both local residents and visitors to enjoy, this hub is set to open late next year. The development will include a new art gallery, creative workspaces for artists, an arts library and retail space.

If you’re looking to invest in property in the Northampton area, the new flats could be the opportunity you’ve been looking for. With plenty of development and regeneration happening across the town, now is an exciting time to invest.

At Agentis, our expert mortgage brokers in Northampton can help you find the right loan and offer advice to help your property-buying venture run more smoothly.

Book your free initial consultation with one of our mortgage experts today. We’re 5-star rated on Google and as Whole of Market brokers, we have access to a wide range of deals.

David Mortell company director at Agentis Financial & Mortgage Solutions

David Mortell

David is Ce(MAP) and Ce(RER) qualified and has 14 years’ experience delivering top-rated mortgage and financial advice.In 2014, David took the plunge and started Agentis Financial & Mortgage Solutions with award-winning mortgage broker, Christine Long. Agentis has now become the brokerage of choice in and around Peterborough. David is also a director at our sister company, Agentis Wealth.