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 26 May 2015

SOLD. £125k, Freehold House Tenanted @ £525 in Hunsbury

Coming on the market at £124,995 this is another one for those of you who like the nicer end of the market. At 5% the return isn't the most aggressive but it's a safe bet in a nice area with good quality tenants paying £525 PCM. There is also the added benefit of being freehold which means no service charges.

One bedroom property is situated in the popular area of East Hunsbury, within close proximity to junction 15 of the M1 motorway, local shops and amenities is offered to the market with no upward chain. The property provides entrance hall, kitchen and lounge/dining room with patio doors opening to the garden. To the first floor set off from the landing area is the double bedroom and the bathroom. Outside there is allocated parking set to the rear of the house and a lawned rear garden with patio laid to slabs and gated access to the rear. This property benefits from double glazing and gas central heating.

Please get in contact if you would like to arrange a viewing.

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Thursday 21 May 2015

ALL SOLD - 3 working hours! : 9%+ RETURN FOR £55k. CASH ONLY.

If you're investing for INCOME this is an ideal opportunity, as it offers an inital return of over 9% AFTER service charges. AND the purchase price is £55,000. MUST BE CASH.

It's an apartment in Northampton House, right in the middle of town (there are actually 4 available in total) which come already furnished and tenanted to decent PRIVATE tenants. There's a big balcony, allocated parking for 1, and a lease of 110 years.

PROs.

  • Central Location
  • Already Tenanted at £550PCM
  • Very rentable to private (decent quality) tenants
  • Void periods over 5 years almost nothing.
  • Great return on investment
  • 110 year lease.
  • They've just blown up the bus station, so you don't need to look at it any more!
CONs.
  • High-ish service charge (but still over 9% after this is factored in)
  • Not mortgageable - needs to be a cash purchase.
richard.baker@belvoir.co.uk (as ever) for any queries.
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£132,500k, TENANTED @ £590. Freehold 3 Bed House in Abington



FREEHOLD, £132,500, tenanted at £590PCM

We've had this rented to the same tenant since 2011 and the owner now wants to sell with the tenant in situ - so an opportunity here for someone. 

It's in Northwood Road, Abington North, and is a 3 bed mid terrace offered in a perfectly tenantable order. It's not going to win a beauty contest, but is the sort of property that's always popular with investors due to size, location, and constant rentability!

Viewings are being arranged for next Monday and Tuesday, so please get in touch to book - richard.baker@belvoir.co.uk





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Monday 18 May 2015

INVESTING? £495PCM for a £95,000 investment in HILLMORTON


It's not often you can buy in Hillmorton for less than £100,000 - so this 1 bed apartment with nominal service charge will be of interest to investors. Better still it comes with a tenant in it, paying £495 per month - that's an initial return of over 6% before cost. It's less than 10 years old so requires very little in the way of updating.  

A ground floor maisonette set on a private road, accommodation comprises: Entrance hallway, double bedroom, shower room, open plan lounge / kitchen area with fitted gas hob and electric oven. With gas fired central heating, double glazing, designated parking space to the front and enclosed garden to the rear with decking area.
The vendor advises that service charges are £250 per annum, and the lease is over 900 years. If you're shopping at the low hassle / low risk end of the market, what's out there that's better than this?
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SAFE BET - 2 Bed Flat with Terrace in Upton - TENANTED @ £620



For those of you who like the 'safer' end of the market this is definitely worth considering. Tenanted at £620 PCM with returns of around 5% and high quality tenants.


Two bedroom ground floor apartment, which benefits from having a large private terrace accessed from both the living room and master bedroom. Brand New in March 2008, the apartment is built to an eco-friendly specification as with all properties on this development. Open plan living room / kitchen, bathroom and 2 bedrooms - one larger and one smaller (suitable for use as a study or similar). Great location - right near Sixfields - minutes from the M1, and great access to town. Parking for 1. Appliances: Fridge/freezer, washing machine, oven/hob and extractor.

The vendor advises there are 118 years left on the lease and ground rent/service charges are approximately £1500 PA.

Please get in contact if interested.
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Sunday 10 May 2015

New Premises for BELVOIR RUGBY

BELVOIR RUGBY HAS MOVED to 41 Newbold Road, Rugby, CV21 2ND. All contact details remain the same. Our sparkly new premises are highly visible - just opposite the police station and offer easy access for landlords and tenants alike - without having to negotiate the town centre. As before, we're open to customers from 10am Monday to Saturday.


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