There's not much you can buy in Northampton for £72,500 so this studio flat should tick a few boxes for investors who are tight on budget but want a decent return. It's in Lumbertubs which isn't the most celebrated of postcodes, but is perfectly lettable to a decent tenant - it seems like there's one there already paying £450PCM which is about right.
It will be a Local Authority lease here which means charges are generally reasonable and there looks to be just under 100 years left on this property. The property itself looks like it might benefit from some nominal updating between tenancies but nothing that should break the budget or fundamentally change the figures above.
http://www.rightmove.co.uk/property-for-sale/property-63937981.html Here's the flat. You need to view it through the agent that's advertising it. But I'm more than happy to answer general questions about lettability etc. richard.baker@belvoir.co.uk.
PREFER TO SHOP IN LONDON? Here's what you could have instead! http://www.rightmove.co.uk/property-for-sale/property-48671689.html
http://www.rightmove.co.uk/property-for-sale/property-63937981.html Here's the flat. You need to view it through the agent that's advertising it. But I'm more than happy to answer general questions about lettability etc. richard.baker@belvoir.co.uk.
PREFER TO SHOP IN LONDON? Here's what you could have instead! http://www.rightmove.co.uk/property-for-sale/property-48671689.html
