LIMITED CASH? Here's a good yield cheapy!

I saw this today, Central Northampton, which at an asking price of £55k is a cheapy!
It's a small studio, but self contained and well located - the type of 'first rung on the rental ladder' which is always popular with tenants.
It's currently rented at £350PCM. There's an option to buy it with the tenant in it - he's been there 4 years already - which is an automatic 7.5% rental yield, before we've even negotiated on the purchase price.
Alternatively, you could do the place up a bit - mostly cosmetic, probably less than £1000, and charge a higher rent - certainly £395PCM. That would take the yield to 8.5%.
It's not a massively high risk one this, and I believe there are already offers on the table, so please be quick if interested.

REFURB IN RUGBY - save some money.

A refurbishment opportunity in Rugby, and an opportunity to buy a 2 bed bungalow at a reduced price. Internally, it needs full everything updating - some people will be put off, but assuming you can buy it for less than £90k and then spend £20k on it, you're left with a £125k bungalow in tip top order that you paid £110k for - a very sensible deal for someone.

We can, of course, assist with refurbishment if required. 

This is available to purchase at £85k and the agent already has offers around that price. We suspect the car in the foreground comes with the deal. I'd budget £100 to get someone to come and take it away!

It will rent for £575 once done. Maybe a bit more?

BUY WITH A TENANT IN - 6% yield - NORTHAMPTON

This is owned by one of our landlords, who is looking to sell with a tenant in situ. As such he gets rent until the day he completes, and the purchaser gets rental income from day 1. 

• 3 bed Victorian Terrace with upstairs bathroom.
• Victoria Road, Northampton - 5 minutes walk to the town centre, and adjacent to the Hospital. 
• An area with constant rental demand. 
• Tenanted @ £675PCM.
• Offered for sale at £135,000

Contact richard.baker@belvoirlettings.com if interested.

FLAT-TASTIC! Modern Units - very rentable - decent yields

A couple of decent details have appeared on the radar if cheap modern flats are your thing! These are both well presented and very rentable all round.

The Bloomsbury, Central Northampton

• High quality development. A couple of years old. 
• 1 bed apartment with all appliances.
• £69,000 asking price - cheap!
• Well presented and ready to tenant at £475PCM minimum.
• 8.2% yield, maybe more if you can buy for less. 
• very safe renter - one of the best rental buildings in town.

Alpha House, Central Northampton, 

• High quality development. A couple of years old. 
• 2 bed apartment, buy it FURNISHED, and TENANTED.
• £95,000 asking price (fixed)
• Tenanted at £675PCM,
• 8.5% yield.

For more information please email richard.baker@belvoirlettings.com.

HMOs (non licensable). High Yields up to 15%. Northampton.

A couple of HMOs have appeared in recent days - both on the St James / Duston borders which is a good location for a professional let. These are both larger properties and are offered with vacant possession. The owner would need to furnish.

Peverels Way, Duston
Available for £140k. Is operated currently as a HMO and brings in £18,000.
That's a yield of over 12%. Currently used as 4 lettable rooms. Would be 5 if you forgo the lounge.

Glasgow Street, St James
Available for £125k. Is not operated currently as a HMO, but is prime, and should bring in over £19000 per annum. That's a yield of over 15%. 4 lettable rooms.

Contact richard.baker@belvoirlettings.com for more details on these properties.

NOW SOLD - Duston - £80k(ish!)

PLC Housebuilder has 1 x 1 bed apartment left on this upmarket development, and has just dropped the price to £84,995. This is cheap for a new build, and I understand they are keen to offload, so assuming you can complete quickly I'm guessing £80k on this would be realistic.

It will rent for £450PCM (it's small) and will be a nice professional tenant as this is an upmarket suburban area. You could add a (nice) sofa, table and chairs, and bed, and go for £500PCM if you were feeling flush!

Clearly as it's new, everything is guaranteed, and it's ready to rent apart from curtain rails or blinds which you'd need to install. As a low hassle option, you won't get better than this.