Been away for a while, but we're back with a vengance with a summary of all properties currently available with a tenant in situ. We've built up quite a range here, and there are things to suit those on a limited budget and those who can spend a bit more. Equally there are things for people who will take a less fantastic area in exchange for a better return, and things for people who only like to buy in the nicer areas. Summary as follows:
If you can't see this, get a larger copy here.
A few notes to clarify:
Con
This relates to property condition. Clearly we can't be scientific, but to give you an idea an A property should be pretty nice inside and a C property will be pretty basic.
Area
Again, different people have different views. But we've categorised every property has been given an area. C areas will be ex Local Authority and A areas will be generally considered to be the nicer ones in town.
Yield
This is calculated on the straight forward 'rent times 12 divided into asking price' which most agents use to calculate return. Clearly this doesn't take in to account any of your likely costs so in our view isn't very realistic.
ROI
This is return on investment and assumes you are putting down a 25% deposit and mortgaging the rest. Importantly it includes all your likely costs too, so compares the rental income to the actual amount you've invested - money which would otherwise be in your bank account. Most serious investors agree this is a much more sensible way of calculating return, myself included.
Happy to discuss any properties as required - richard.baker@belvoirnorthampton.co.uk if you have any queries.
If you can't see this, get a larger copy here.
A few notes to clarify:
Con
This relates to property condition. Clearly we can't be scientific, but to give you an idea an A property should be pretty nice inside and a C property will be pretty basic.
Area
Again, different people have different views. But we've categorised every property has been given an area. C areas will be ex Local Authority and A areas will be generally considered to be the nicer ones in town.
Yield
This is calculated on the straight forward 'rent times 12 divided into asking price' which most agents use to calculate return. Clearly this doesn't take in to account any of your likely costs so in our view isn't very realistic.
ROI
This is return on investment and assumes you are putting down a 25% deposit and mortgaging the rest. Importantly it includes all your likely costs too, so compares the rental income to the actual amount you've invested - money which would otherwise be in your bank account. Most serious investors agree this is a much more sensible way of calculating return, myself included.
Happy to discuss any properties as required - richard.baker@belvoirnorthampton.co.uk if you have any queries.
