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 7 July 2015

UPTON (nice area), £125,000, TENANTED, 6.0% return

Purchase Price
£125,000
Headline Return
6.0%
Rent
£625.00
Return after Lease Charges
5.0%

We're about to be instructed on this - a 2 bed top floor apartment - built less than 10 years ago and tenanted at £625 per month. We've rented it for the owner for the last few years and void periods have been close to zero - tenant quality in this area is also very good. If you're after modern apartments and want a good area too, this is the type of thing you should be considering. It will be advertised at £130,000 but I'm told that £125,000 may be feasible.

richard.baker@belvoir.co.uk if interested.



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