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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