NOW SOLD Cheap 2 Bed Flat, GRANGE PARK

The asking price on this has dropped from £110k to £90k. Whilst I'm usually cautious about modern leasehold flats, at that price and in this premium postcode, you can't really go wrong - 2 bed properties do not really happen in Grange Park for less than £100k, so unless there's something fundamentally wrong with this one, it's a steal.

Do your figures on a rental of £550PCM - we'll likely exceed this, but we won't go lower. That's 7.3% without even trying. People keep telling me "I don't want to spend much, but I want to buy in a nice area!" - voila!

NOW SOLD 8.4% yield, leasehold, newly refurbished

This just in from our main maintenence contractor - they have refurbished this apartment throughout and are offering it with a tenant in situ at £525PCM.

• £75,000
• 2 beds
• Merthyr Road, NN5
• guaranteed maintenence free for 12 months.
• immaculate internal order.
• yield at 8.4%

NOW SOLD CHEAP TOWN CENTRE FREEHOLD

This is a wildcard option. A newly built freehold property in the town centre. Small, but beautifully presented and an ideal rental. I think it's actually an infill between 2 other houses?

I'm told it will cost in the region of £86k to buy. Rental options are:

• rent it unfurnished for £475, maybe £495, giving a yield of 6.5%.
• spend less than £1000 furnishing it (easy!) and it will rent for £525, maybe £550, giving a yield of 7.2%.

I get lots of landlords wanting higher yield, but not housing benefit, and not leasehold flats, and not multi occupancy, and a limited purchase price, and low maintenence. This one ticks every box!

NORTHAMPTON : A RANGE OF BUY2LET OPTIONS

This blog has been quiet for a while - I've been away! However there are a range of interesting deals around currently for potential investors. There's also a HUGE amount of rubbish around currently - some very overpriced property, AND it's selling! As such be careful. As I'm short of time, you're going to get a summary of what I've seen. Please contact me for more info on individual properties:

NOW SOLD - TOTAL REFURB OPPORTUNITY, NORTHAMPTON

2 bed Victorian terrace house in St James. Needs ripping out! Buy for £90k. Spend £15k. Worth £115k once done. Or rent for £575PCM at a 6.6% yield, and an undervalue house. Must be a cash purchase.

NOW SOLD - WELL PRESENTED HOUSE, NORTHAMPTON

2 bed in Southfields. Very well presented and ready to go. Buy for around the £80k mark. Rent for £525PCM at a 7.7% yield. Ready to go this one - no hassle.

BARGAIN BASEMENT FLAT, NORTHAMPTON

1 bed in the Centro Development, Town Centre - built 2 years ago and eternally popular with tenants. Buy for around £70k, rent for £475PCM at a 8.1% yield.

NOW SOLD - NEWLY REFURBISHED FLAT, TENANTED, NORTHAMPTON

No hassle - this has just undergone complete refurbishment and everything is guaranteed for 12 months. St James, 2 beds. Buy for £75k, tenant already in situ at £525PCM - a yield of 8.4%.

NOW SOLD - WELL PRESENTED HOUSE, RUGBY

Easy rental modern 2 bed house in the nice Bilton area. Buy at £105k in a condition where it's already ready to rent at £550PCM - a yield of 6%.