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 21 July 2015

GREAT BUY - 1 bed, £500 rent, £95,000, almost ZERO service charge

A great one for the bargain hunters - this is a 1 bed flat in Far Cotton that we've had tenanted for a number of years. It's a nice little place and rents well at £500PCM. 
Purchase Price
£95,000
Headline Return
6.3%
Rent
£500.00
Lease
110 years
Although it's a leasehold, there's no service charge and the ground rent is a nominal £10 per annum - so effectively it's a freehold property. It's also well positioned on the edge of the town centre and tends to attract a slightly older tenant as a result.
richard.baker@belvoir.co.uk if you're interested. Viewings this Saturday with luck!





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