This is also a good deal for someone. East Hunsbury is a popular area with landlords and tenants alike, and is generally considered to be one of the more desirable areas in Northampton to live. For that reason properties hold their value and rental yields are never as good as other areas. They represent a low risk option for investors though. 2 bed houses here sell for between £120k and £135k in the current market, mainly dependent on their internal condition.
Here we have a 2 bed advertised at £120k. It's clearly empty, and appears to be in pretty decent (and perfectly rentable) order. It has UPVC windows which these properties didn't have from new and is a benefit. As such it's the sort of property I'd usually expect to see somewhere around the £125k mark. I suspect it will sell for pretty close to £120k, but there's a small discount there for someone, which is unusual in this area.
It will rent safely for £550PCM, but as things stand somewhere up to £595PCM should be do-able in the current market. A yield of at least 5.5%.
http://www.rightmove.co.uk/property-for-sale/property-26248542.html
Here we have a 2 bed advertised at £120k. It's clearly empty, and appears to be in pretty decent (and perfectly rentable) order. It has UPVC windows which these properties didn't have from new and is a benefit. As such it's the sort of property I'd usually expect to see somewhere around the £125k mark. I suspect it will sell for pretty close to £120k, but there's a small discount there for someone, which is unusual in this area.
It will rent safely for £550PCM, but as things stand somewhere up to £595PCM should be do-able in the current market. A yield of at least 5.5%.
http://www.rightmove.co.uk/property-for-sale/property-26248542.html
