NOW SOLD - 3 bed House - 6.3% yield

One for those of you who don't want and hassle - just a ready to rent property in a decent area with decent residual values. This needs little internally - a bit of decor in places and will deliver £650PCM in rent. Advertised at £133k, the agent advises me that £125k is ambitious, but not necessarily out of the question. It would be a really good buy at that price, and isn't badly priced at £133k.

As ever, someone will take this, and a couple of other people will contact me in a week or so to be disappointed that it's not available. When good deals turn up, you have to move quickly guys!

NOW SOLD 2012 Bargain! £110k in a nice development.

For people who want to buy somewhere NICE, this property is now very VERY well priced. 
£110k for a 2 bed house in the lifebuilding, St James is good - flats there sometimes sell for more than this. Private tenant, good access to station.

£600 rent gives a yield of 6.5% - which for those of you that don't want to go leasehold, and don't want to go ex-local authority really is about as good as you're likely to get. 

NOW SOLD OFFERED OVER, £80k (ish) FREEHOLD

I saw this earlier today, and it's a good chance to pick up a freehold property whilst everyone else is worrying about the weather!

2 bed house (freehold). Repossession. Advertised at £79,995 and will sell for very close to that. If this isn't pinched quickly, it will get bid up, so if you need to arrange a mortgage, forget it - this will have been bid over by the time you're ready to move. 

It needs work, but don't let this put you off. In tip top condition, this would sell for £95k. It needs £10k spending on it (top end), so the basic objective would be to buy it quickly for less than asking (£75k?), spend the money on it, and end up with a tip-top property for less than it's worth. 

It will rent for £525PCM. With an all in spend of £85k, that's a yield of 7.4%. If you want a freehold property with a high yield, you aren't really going to do much better than that unless you rent out room by room. 

richard.baker@belvoirlettings.com for more details. 

NORTHAMPTON Buy-To-Let Guide 2013

We are pleased to release our buy-to-let guide for 2013. This is aimed at first time investors,  and people who aren't familiar with the town itself. We aim to provide a snapshot of the market, and also encourage investors to think about certain key questions that need answering before a property is bought. Which area? What yield? What type of tenant?

A copy of the guide can be downloaded for free at http://bit.ly/15vIjdv. 

We're always happy to have an informal chat with anyone who's thinking of investing in property, or to comment on something you're thinking of buying. Email richard.baker@belvoirlettings.com with any queries. Remember that as a lettings only agent it's very much in our interests that you buy something that's lettable - we're on the same side!

NOW SOLD Genuine Freehold Property at a Discount!

This three bed property is advertised at £99,995. The highest bid is £92,500 at the moment and I suspect it will end up selling for a figure somewhere between the two. This one does need money spending on it - you'd have two options: 

1. Spend £2 - 3,000 and rent it for £595pcm to housing benefit tenants - enjoy a yield of 7.2%.
2. Spend £10,000 and rent it for £625pcm to private tenants - enjoy a yield of around the 7% mark.  

If you did the latter, you would have a property that was easily worth £115k, and very probably £120k in the current market. As such, this is a genuine opportunity to aquire a freehold property at a discount.