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

Saturday 10 December 2016

SOLD Festive Cheapie - £80000, £500, 7.5%

This has flashed up in my inbox today and will be a relative high yielder for whoever buys it. Woodstock isn’t the best block in town, but it’s very well located and rents like clockwork if the property is in good order – expect £500PCM.
A 1 bed apartment, in the heart of the town centre, immediately adjacent to the hospital.
I rather suspect this one will need work, so factor that in – it will be good yielder anyway. Also the service charges and lease length need to be factored in – these aren’t usually an issue in this building but as they aren’t identified on the ad, interested parties should clarify them at the earliest opportunity.
Not a lot else you can buy for £80k, so if that’s your price range I challenge you to find something better! As ever, we’ll help with refurbishment as required.
http://www.rightmove.co.uk/property-for-sale/property-49797154.html Here's the property - contact the agent direct but please let me know if you're doing this as clearly creating a bidding war isn't in any of our interest! richard.baker@belvoir.co.uk 
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Friday 2 December 2016

BUY TO LET IN NORTHAMPTON : where to start?


You’re not alone. We’re one of the larger LETTINGS agencies in Northampton and every year we help numerous people find investment properties to buy. Some may be for sale through us, but most aren’t – we cover the whole market in trying to find the right thing for you, and will give you realistic figures for purchase, refurbishment if required, and likely rental return.

If you know Northampton well, what different properties rent for, and what type of tenant you’re likely to attract, we may not be of much assistance! But plenty of people don’t know these things and aren’t sure of which area to go for, or where to go to get a better return. We can help with this and are happy to talk to you about your options before you commit to a purchase. We may also be able to suggest other properties you may consider – look through the history section of this website to see what we’ve recommended to others in recent months and years.

So if you know you want to invest, but aren’t sure of what, and where, feel free to get in touch with us. We’ll be happy to email you our buy to let guide for Northampton which talks about different areas, different properties, and different levels of return – and may help you narrow down your search criteria. Email richard.baker@belvoir.co.uk in the first instance BEFORE you overpay for a very well presented, very lettable, but completely overpriced house in Wootton!




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