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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