A few things have come in this week and are about to get listed for sale, at a range of levels in the market. If you like really cheap with a high return, there's something in Bellinge. If you like middle of the road - staple rental territory - there's something in Rugby town centre. And if you like a slightly more upmarket property that will appeal to the family market, there's one in St James.
- Duston Road, Northampton, 3 bed semi with garage.
- Decent area, decent property, will attract a decent tenant @ £750PCM.
- Over 5% rental return.
- Craven Road, Rugby, 2/3 bed Victorian terrace.
- Tenanted already at £550PCM.
- Nearly 6% return.
£50,000
- Chester House, Bellinge, Northampton.
- 1 bed leasehold flat with over 150 years remaining.
- Not the best flat 0r area - what do you expect for £50k?
- Not damaged, not in disrepair, but dated throughout.
- It will rent for about £375 privately or £420 housing benefit.
- A 9%+ return for someone.
richard.baker@belvoir.co.uk if you have any queries. Don't leave it too long, especially on the last one!
