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

Monday 18 June 2018

GOOD LOCATION - 1 bed apartment with low charges

This is a good bet if you're on a budget. £109,995 (maybe a little bit less) buys you a TENANTED 1 bed apartment in the heart of Abington. Service charges are £500 per annum. The rent is £575PCM.
This is the upstairs half of a Victorian Terrace house, and situated just off the Wellingborough Road. Because it's an older property it's larger, airier, and the service charges are far less expensive. The lease is about 97 years.
The tenancy is running fine, but the tenant isn't the most houseproud of individuals, which I suspect is putting some people. It shouldn't - the tenancy is running fine that apart and a contract cleaner would have the place sparkling again in a couple of hours, if ever required.
You'll see from reading this blog that in recent months I've been bemoaning the lack of interesting looking purchases in 2018. This one's the exception - if you don't buy carefully in this market you could easily waste £150k on something that I'm not convinced is worth it - whereas this offers a good return on a road that you wouldn't usually be able to afford.

If you're interested, email me here.

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