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

Thursday 19 March 2015

£75k, Good Returns of 8%, 1 Bed Apartment

St Lawrence House, Town Centre
This is an inexpensive flat that will rent privately and is a great budget buy.

At a headline rate it's an 8% return - after lease charges it's 6.5% - compare that to what the banks have been paying for the last few years.

Spacious one bed leasehold - needs £1,000-2000 spending on it but will rent for around £500 PCM. It's advertised at £77,500 but I'm advised the magic figure is £73,000 so I need to get an offer at this level. Short lease but good returns. 

First floor apartment close to the hospital and town centre. The accommodation comprises communal entry, entrance hall, sitting/dining room, kitchen, bedroom and bathroom. There is allocated parking for one. Further benefits include double glazing and no upper chain.

Contact us if you're interested northampton@belvoir.co.uk or 01604 626 626.

Bathroom

Bedroom

Bedroom

Kitchen

Lounge

Lounge

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