This blog follows the property market in Northampton with a particular emphasis on buy-to-let. On here you'll find general commentary about the market, plus properties that may represent decent buys. I own a large estate agency in Northampton and am myself a landlord with an established portfolio. If you're looking to invest, but are unsure what will work best, I'm happy to offer a (free) second opinion. If you have a property to sell I can help with that too! Email richard.baker@belvoir.co.uk

Monday 23 April 2012

NOW SOLD 6.8% yield on a £110k purchase

It's not often you can pick up a reasonably modern 3 bed property for £110k, but here's your chance. Assume this will rent for £600PCM - in practice it will be more. Private (working) tenant too. Advertised at £110k, I think you should be trying to buy for around £105k and spending the difference on it - it's actually in quite good order, but would benefit from some improvement in places.



Located in Cherry Lodge, this isn't a premium area of Northampton, but then £110k isn't a premium price. For those landlords who don't want high risk, don't want to spend £125k+, and don't want the maintenance of a Victorian Terrace, this is for you - what more could you want?
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