SOLD The Mounts : 3 bed house, £180,000, £895 rent

Rising prices are making it increasingly hard to get hold of freehold property that offers a decent return, so investors are increasingly looking at this sort of thing in the Mounts (10 mins walk to town). It's a perfectly decent area - a rental staple.

It's a Victorian Terrace set over 3 floors (4 if there's a basement) and already tenanted at a good rent of £895 per month. It's on a good street and is 1 min walk to the Racecourse park. The owner wants £180,000 for it which is just under 6% return before costs..

3 bed FREEHOLD Victorian Terrace

£180,000 ovno

Already TENANTED at £895

Headline Return of 5.96%

Hunter Street, NN1

richard.baker@belvoir.co.uk with any queries.

SOLD 8% return, £90,000 flat - the best return on offer currently?

The best value at the moment seems to be towards the lower end of the market, and this 2 bed flat in Kings Heath is no exception. It's not going to win an award for outstanding natural beauty, but may win awards for pure practicality and a decent return. Not suggesting you move in yourself, but for £90k (maybe less) you can be the proud owner and as the freeholder is Northampton BC, your service charge will be reasonable (under £70 per month) also. It will rent for £600 - which is an 8% return before charges, and over 7% after them. You won't get better than this in Northampton currently without renting room by room, which is far more hassle.

If you're "doing it for income" as many people tell me they are - this one is well worth considering. 

FULL DETAILS HERE

http://www.rightmove.co.uk/property-for-sale/property-41645142.html