Northampton : What can you buy for £80k

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 £80k buy in Northampton?

At this price band, you can pick up pretty much any ex Local Authority 1 or 2 bed flat in Northampton. However there are also FREEHOLD options which tend to appeal to Landlords more. These are still quite restricted at this price though - not particularly easy to pick up, and can be categorised as:

2 bed houses in ex Local Authority areas. Expect to pay £80k for a good one. It will rent at £525PCM, giving a yield of nearly 8% with no deductions for leasehold charges. Never mind if you wouldn't like to live there - don't underestimate the demand from tenants for this type of property!

1 bed houses or cluster houses. These are in limited supply, but small pockets exist in most areas of town. They will rent privately for about £475PCM at the moment, giving a yield of 7% - not as good as the 2 bed above, but very appealing to landlords who want to buy in 'nicer' areas.

What can you buy for £60k? http://bit.ly/Ihmpxt