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

Tuesday 4 November 2014

MODERN 2 BED HOUSE, NICE AREA, £135k (OR THERE ABOUTS)

A nice safe one here for someone. 


I viewed this property this afternoon. It's a modern build 2 bed house, with recent double glazing, central heating, decor and flooring. The bathroom and kitchen are in good order, but dated. Less than £5k to replace the pair. Not essential now, but probably a job for the next 5 years.

It's tenanted - good quality tenant, only paying £500PCM. Should be more - at least £600PCM. 

The property is in the village of Roade, NN7 and is only 1 mile from J15 of the M1, so an excellent and very lettable location. 

I understand from the agent that there's a deal to be done here and a price in the mid £130s may be achievable. It's comparable to a Hunsbury style house which would trade at £145k to £150k at the moment, so for this type of property that's a very good deal.

Interested? Please get in touch at richard.baker@belvoir.co.uk.




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