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 25 August 2015

SOLD KINGSTHORPE, Freehold, £110,000 - 6% return

This isn't going to win any prizes for the beauty of its architecture but it's got good figures compared to what else you can buy in this price range currently.
Purchase Price
£110,000
Headline Return
6.0%
Rent
£550.00
Service Charge
ZERO
It's a 2 bed HOUSE with garden in the Newnham Crescent area. I haven't seen it, but it looks to be in perfectly tenantable order - windows and doors may need looking at but seems fine that apart. It will rent quickly too - we've just rented a similar one just round the corner in 48 hours at £575 which is higher than the price quoted here. Tenant quality was OK too.
richard.baker@belvoir.co.uk if you're interested.
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Thursday 13 August 2015

SOLD Modern 2 bed house with garage, £130,000 - £650 - 6%


This will sell more or less immediately - a 2 bed house with garage - modern - in very good internal order requiring little if any work. We'll rent this for £650 without any trouble to a decent quality tenant. 

See the property here - http://www.zoopla.co.uk/property-history/6-ixworth-close/abington/northampton/nn3-8tw/36544315


Purchase Price
£130,000
Headline Return
6.0%
Rent
£650.00
Service Charge
ZERO

I'm advised it's fallen through on a mortgage and is holding up a chain - so although it's advertised higher, £130,000 may be feasible to buy it - a great buy in the current market.

Contact me super quickly if you're interested. If you're not around to view today / tomorrow there's probably little point! If you're registered with me to purchase for you, I can view it for you later today.

richard.baker@belvoir.co.uk







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SOLD FAR COTTON, 3 bed house, £130,000, £675 rent

Another good buy for someone that's quick! This is a 3 bedroom Victorian terrace in Far Cotton - that's the area adjacent to where the new university is moving. It needs a bit of money spending - about £3,000 - and I understand it can be bought for between £127,500 and £130,000. It would be worth £140,000 TODAY if the presentation was better. 


The house is currently tenanted and the presentation isn't that good. As such if that sort of thing puts you off, don't bother viewing! But there doesn't seem to be anything actually WRONG with this house, so once the tenant has gone and some decoration and recarpeting has taken place, it will be fine - we could turn this property round in 2-3 weeks. 

STANDARD DOMESTIC OPTION
Once done it will rent privately (whole house) for £675PCM minimum - that's a 6.2% return. Good tenant quality in that area - we have lots rented there already.
Purchase Price
£130,000
Headline Return
6%+
Rent
£675.00
Updrade Cost
£3000

STUDENT OPTION
If you like HMO properties, there's an option to turn this into 4 lettable rooms - no planning restrictions here. That should generate a return of 10.5%+.
Purchase Price
£130,000
Headline Return
10.5%+
Rent
£1200.00
Updrade Cost
£6000

Again please get in touch quickly - if you're not around today / tomorrow there's probably not much point. richard.baker@belvoir.co.uk 
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Friday 7 August 2015

SOLD Semilong, Freehold, £130,000 - £650 rent - 6%

I've been advised that this is coming on shortly in Semilong - tenanted at £650 - and available at maybe £130,000. It's in good order apparently - recently refurbished - so will a popular option for investors. 


It's a 2 bed FREEHOLD, perfectly rentable privately. Even has off road parking which is a luxury for Semilong. It's on street that's a row of typical Victorian terraces. 

As ever, if you make contact quickly, I stand more chance of getting you in there! richard.baker@belvoir.co.uk

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Saturday 1 August 2015

BOTH SOLD - CHEAP FREEHOLDS - get in quick

A couple of cheap freeholds have been advertised in the last 24 hours. These will probably get snapped up this weekend, if they haven't gone already. I'll get £500 minimum in rent for either, assuming they are in decent order. 

http://www.rightmove.co.uk/property-for-sale/property-35699415.html
We rent a couple out round here. £500 to £525 for a really nice one. 

http://www.rightmove.co.uk/property-for-sale/property-51020263.html
Again £500 to £525 assuming the condition is good. Looks to be in very good order, this one. 

You'll need to deal with the agents direct. Let us know how you get on though!

Any questions, please ask richard.baker@belvoir.co.uk
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