Northampton: What can you buy for £60k?

When most people look for a buy-to-let investment, they have a budget. With that in mind, over the next few weeks, I’m going to look at what a given sum should buy you in Northampton. In doing this, I’m talking about properties in good lettable order, so if a property needs works doing, this is what you should budget INCLUDING works.
Have a read, and if you want a chat about properties you've seen, EMAIL ME! richard.baker@belvoirlettings.com.

What will £60k buy in Northampton?

At this price band, you’re really restricted to leasehold properties. However there’s still money to be made! Your only real options are:

A 1 bed flat in an ex Local Authority area, such as the one pictured below. A landlord bought this in 2012 for £55k all in, and it will rent for £420PCM. That’s a 9.1% yield.

A 1 bed flat somewhere near the town centre. At this price, these will be well coveted by investors, so are few and far between. A landlord bought this (below)  in 2012 for £55k all in and gets £450PCM privately. That’s a 9.8% yield.