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

Monday 5 January 2015

2 Bed Apartment in The Mounts, Good Returns, £90k


Cheap, split level, 2 bed. Very Rentable. At least 7% return.

This has appeared and should be of interest to investors. I haven't seen it but would comment as follows:





 1. very rentable - close to town - 2 beds - will be at least £550
    assuming it's in good order.
 2. this will be a leasehold property, but often the lease arrangements
    on older properties are fairly informal and the service charges
    aren't too high - this clearly needs checking though.
 3. the key thing to note here is that this is a 2 bed flat including
    the basement. As such you need to keep a good eye on damp - if the
    conversion is done properly there won't be an issue, but any sign or
    smell of damp needs proper investigation. A specialist damp
    contractor can deal with it of course, but you need to be aware of
    the cost before you buy.

The agent doesn't like dealing with me(!) so you'll need to approach them direct if you are interested. The link to the property on rightmove is here http://www.rightmove.co.uk/property-for-sale/property-45041138.html

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