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

Friday 5 October 2012

NORTHAMPTON : A RANGE OF BUY2LET OPTIONS

This blog has been quiet for a while - I've been away! However there are a range of interesting deals around currently for potential investors. There's also a HUGE amount of rubbish around currently - some very overpriced property, AND it's selling! As such be careful. As I'm short of time, you're going to get a summary of what I've seen. Please contact me for more info on individual properties:

NOW SOLD - TOTAL REFURB OPPORTUNITY, NORTHAMPTON
2 bed Victorian terrace house in St James. Needs ripping out! Buy for £90k. Spend £15k. Worth £115k once done. Or rent for £575PCM at a 6.6% yield, and an undervalue house. Must be a cash purchase.

NOW SOLD - WELL PRESENTED HOUSE, NORTHAMPTON
2 bed in Southfields. Very well presented and ready to go. Buy for around the £80k mark. Rent for £525PCM at a 7.7% yield. Ready to go this one - no hassle.

BARGAIN BASEMENT FLAT, NORTHAMPTON
1 bed in the Centro Development, Town Centre - built 2 years ago and eternally popular with tenants. Buy for around £70k, rent for £475PCM at a 8.1% yield.

NOW SOLD - NEWLY REFURBISHED FLAT, TENANTED, NORTHAMPTON
No hassle - this has just undergone complete refurbishment and everything is guaranteed for 12 months. St James, 2 beds. Buy for £75k, tenant already in situ at £525PCM - a yield of 8.4%.

NOW SOLD - WELL PRESENTED HOUSE, RUGBY
Easy rental modern 2 bed house in the nice Bilton area. Buy at £105k in a condition where it's already ready to rent at £550PCM - a yield of 6%.

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