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 22 June 2017

SOLD DEVELOPMENT OPPORTUNITY - Town Centre, 3x units

I've taken details this afternoon on a fairly dilapidated commercial unit in the town centre with planning permission for conversion to 3 self-contained flats. I'm still waiting actual plans etc, and will forward these to interested parties when I have them. It's a fairly full scale build / conversion though - not just knocking a couple of walls around - so is probably more suited to someone that's "in the trade". Clearly it's a cash only purchase too.
I suspect the finished building would be worth about £350,000.
I've spoken to a couple of builders already who seem to think "there's money in it" but are fully engaged on other projects at the moment - as such maybe this is an opportunity for someone to step in?
richard.baker@belvoir.co.uk for more information.
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Wednesday 14 June 2017

SOLD - BUY BUY BUY £115,000 FREEHOLD

A general election often causes the housing market to pause for breath and 2017 has been no exception - everything has been a bit quiet in the last 28 days hence no blogs from me!

However one has popped up today which is a definite buy - see http://www.rightmove.co.uk/property-for-sale/property-60446689.html - it looks like they want £115,000 for it if you're quick.

This is a £140,000 property easily - probably £145,000 in the current market. And it's not going to take £25,000 to get it in good order - I suspect no more than £10,000 looking at the pictures. As such this is a very good bet for someone shopping at the lower end of the market.

It will comfortably rent for £675PCM once done.

Interested parties should contact the agent direct as I'm not selling this one. I can assist with refurbishment as required - please email me richard.baker@belvoir.co.uk for details.

If you're out of area and want to buy blind - I'm happy to view for you - again contact me.
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