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

Sunday, 12 January 2014

SOLD : £625PCM for £129,000

So off we go for 2014. 

The market is busy, and my mate at the corporate estate agency I won't name tells me their instructions are to overvalue by 10% to make sure they get the property. This can only lead to a rising market, whether that's a short term or a long term thing. As such finding value currently is hard.



This is lettable at about £625. It's a 3 bed in Oleander Crescent and will rent privately. It looks to be in good order but clearly doesn't have gas central heating. It will rent as it is, or you may want to spend £3k getting this done. Either way, it's not the worst buy in the current market. Advertised at £129,995, you're clearly aiming at stamp duty (£125k) but in the current market there's no guarantee this will be achievable.

Happy to talk to anyone who's interested - email me at richard.baker@belvoirnorthampton.co.uk 
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