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 26 November 2014

Northampton 2 bed flat with potential to improve - £65,000

What happened here? The agent booked an open day and had over 20 people coming to view. The opportunity for a quick steal disappeared!

I've been notified of a 2 bed East Street, ABINGTON flat which is about to come to the market. It needs work. Headline figures are:
  • Buy it at £65,000
  • Spend £10,000 - refurbishement required - we can arrange. 
  • Two other flats in the same block have sold at £85,000 this year. 
  • It will rent for £550, maybe £575 when done.
You'll need to be quick, and ready to proceed immediately. Please contact richard.baker@belvoir.co.uk without delay if this is for you.

Please do NOT come and try and drive the £65k asking price down - it completely ruins our credibility with the selling agent who have approached us because of our track record of introdcuing reliable buyers.

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