This blog follows the property market in Northampton with a particular emphasis on buy-to-let. On here you'll find general commentary about the market, plus properties that may represent decent buys. I own a large estate agency in Northampton and am myself a landlord with an established portfolio. If you're looking to invest, but are unsure what will work best, I'm happy to offer a (free) second opinion. If you have a property to sell I can help with that too! Email richard.baker@belvoir.co.uk

Wednesday, 13 November 2013

REFURBISHMENT OPPORTUNITY, £85k

I was passed this today by an agent who feels a quick sale nearer £80k than £85k may (and I emphasise may) be achievable. That may not sound fantastic, but there's a bit of money in this for someone, which is unusual in the current market. It needs full refurbishment but is easily worth £100k at todays prices once done, and very probably a few thousand more. As such it represents a good buy. 

There's not enough money in this to refurbish it and sell it, but you could buy it, refurb it, rent it, and end up with a property that's in tip top condition and slightly under market value.

A 3 bed in Bellinge, it will rent for £595 once done to a tenant in receipt of benefits. There will be good demand. Email richard.baker@belvoirnorthampton.co.uk for details.



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