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

Saturday 29 July 2017

SOLD Bilton Village, Rugby, Nice 2 bed Apartment over 6% return on £125k.

This one has been unsold for a while as the presentation isn't terribly good - it's had a tenant in it for ages and is quite scruffy. People need to look more closely - there's nothing wrong with it and for £2500 and 10 days I could have it looking like new. It will then rent for £650PCM and is in a good area. Service charges are low. If you buy modern apartments, I challenge you to find one where the figures are better than this one. It may even be possible to pick it up for £122k or thereabouts.
So, assuming you buy it for around that, you'll be in at around £125k once works are completed which is over 6% for a flat that's in a good area - not bad at all in this market! richard.baker@belvoir.co.uk



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