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

Thursday 12 January 2017

SOLD. FREEHOLD opportunity, £200,000, 6.6% return

An unusual one here, but a great investment offering a good return. This is a large Victorian property cut into 2 apartments, that will rent for a combined (min) £1100 per month. Offered at £200,000 to include the freehold - it's on Holly Road, Abington - one of the best Victorian locations in Town.

We've had this rented for some years and are keen to retain it, why it's being offered to customers who use our managed service first. It's always rented really well, but is tired in places and needs a refresh - but no more than £5,000 in total and this is generally to improve the cosmetic appearance which will in turn enable us to turn £1100 per month into £1200. It is sold with vacant possession.

We are under instruction to open market this in 7 days if a buyer isn't found before, so please get in touch asap if you are interested. Richard.baker@belvoir.co.uk. I haven't seen 6.6% on a FREEHOLD property for some time now unless its a HMO, so this is a good bet if you're not keen on leases.



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