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 28 February 2017

SOLD FREEHOLD IN ABINGTON AREA FOR £135k


A 2 bed house at £135k here in one of the best ex Local Authority Areas in town, not far from Abington Park. The catch is we don't know the internal condition - we assume it needs work - the question is how much.

There are a lot of people supposedly wanting one of these at the moment and commenting that not much comes up. If you're in this number you need to look at this one, because the world is not your oyster, and you won't buy more than this for the same money.

It will rent easily but much depends on internal condition. £625 (if it's basic, but legal) up to £700 if it's nice and sparkly inside. As ever I can help with works. You'll need to go through the agent who's listed it for access. If I have a viewing arrangement with you, and you're not in town, I'm happy to go and take a look at this one.

DETAILS HERE
http://www.rightmove.co.uk/property-for-sale/property-64917176.html


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Friday 24 February 2017

SOLD - BARGAIN APARTMENT, Tenanted, £106k

If you're budget is around £100k, you're not fishing in a very big pond, so a property such as this will be of interest.
It's a 2 bed apartment - will sell at £106k, and it's tenanted already at £625pcm which is a sensible price for a property like this. Good location - on the outskirts of the town centre - so very rentable. About 110 years on the lease and all in charges of £1400 per annum which means a return AFTER charges of 5.8% - about as good as you'll get at a purchase price of £100k and certainly better than anything freehold at the moment. It's in Darenth Court, NN1.
We are viewing on this tomorrow (Saturday) and if I was a gambling man I'd suggest we'll sell it then! email richard.baker@belvoir.co.uk if interested.

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Saturday 4 February 2017

SOLD : PREMIUM 1 BED APARTMENT, Tenanted

About to be instructed on this - a TENANTED 1 bed apartment in a premium area / gated development / at the top end of the market for apartments. It's in St Crispin, NN5. It's a conversion of an old building - light, airy. We've had it rented since conversion 10 years ago - it's been empty for 5 weeks in 10 years.
£120,000 (price not negotiable)
£600 rent (being sold with tenant is situ - current tenant is a doctor).
Net return 6%
115 years lease.

Will immediately appeal to investors who appreciate AREA and QUALITY above all else.
richard.baker@belvoir.co.uk if interested!
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