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

Wednesday 20 March 2013

NOW SOLD - 8% yield - Northampton - 2 bed house - SNAP IT UP!

This is a great buy for someone. Yes it will need a few thousand pounds of upgrading, but at £85,000 for a 2 bed freehold house on a half decent road, you can't really go wrong. This is a great one to add to the portfolio - I'd take it myself if I didn't have other irons in the fire!
It's in Hamsterly Park, NN3. It will rent for £525 on a bad day (private tenant, no housing benefit), but £550 in the current market. Yes, it will require a bit of modernising first, but please don't kick the tyres at this price! We can arrange all works. If I was a betting man, I'd say this will be gone in 48 hours, so please get in touch quickly if interested.

Buy £85k (you may get some downside on this)
Spend £5k.
Then worth £100k easily.
Rent for £525 on a bad day.

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