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 16 July 2015

SOLD : BRAND NEW WITH RENTAL GUARANTEE

An opportunity here for someone - we sold a number of these 2 bed Bellway apartments when they were released 6 months ago - the whole site has now sold out - bar 2x apartments which recently fell through. Bellway are asking £125k each (not negotiable) but this should include flooring and appliances - so essentially ready to let. You pay that for most other modern apartments currently, which is why these aren't badly priced.
Purchase Price
£125,000
Headline Return
6.2%
Rent
£650.00
LEASE
125 Years
Not everyone goes for new build, but if you're after zero hassle this sort of thing is hard to beat - pretty much everything in the apartment is guaranteed for 2 years, and we'll even guarantee rent on a managed service. 
richard.baker@belvoir.co.uk if you're interested. Demand was significant last time we had some of these, and we anticipate it will be again, so don't leave it too long!
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