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 21 November 2014

Potential Bargain in Kingsthorpe, £115,000

This has appeared too and is cheap at £115,000. It's a modern 2 bed mid terrace house.
The agent says it would "benefit from cosmetic improvement" but also confirms it has double glazing, gas central heating, and a modern kitchen.
That leaves me suspecting it needs a new bathroom, complete internal redecoration, and replacement flooring - the sort of thing we can turn round in 14 days no matter how horrible it looks! Given there are no internal pictures I rather suspect this does look horrible - don't let this put you off - you're going to spend maybe £5k on it, so even if you buy for asking price you'll end up committing £120,000 and having something that's really nice. 
It's in a decent private-lettable area and will be popular with tenants at £600PCM. Again, apologies for picture quality - people are getting wise to my scheming ways!

http://www.rightmove.co.uk/property-for-sale/property-33006648.html



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