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 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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