Properties in Northampton House have appeared on this blog on multiple occasions over the years. They come with a high service charge, and can only be purchased with cash, so it's all about when they are being offered for sale at a suitably attractive price. From a rental perspective, they rent extremely well, enjoy a prime town centre location, and generally cause no issues.
There are a couple of 2 beds for sale at the moment which have recently been dropped so they DO now make good buys. Advertised at £80,000 and with a rental potential of £650PCM, they offer a return of 9.75% before charges. That is going to get hit by the service charge (not confirmed but probably about £170 a month) but will still leave you in excess of 7% with the charges factored in.
This won't appeal to everyone, but for the more commercially minded of you it's a fairly straightforward way to get a headline return of 7% on a cash investment of £80,000.
The properties are advertised on property portals with a local agent, who you would need to contact for viewings. I'm more than happy to answer further queries as required. richard.baker@belvoir.co.uk.
This won't appeal to everyone, but for the more commercially minded of you it's a fairly straightforward way to get a headline return of 7% on a cash investment of £80,000.
The properties are advertised on property portals with a local agent, who you would need to contact for viewings. I'm more than happy to answer further queries as required. richard.baker@belvoir.co.uk.
