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

Friday, 20 February 2015

BUYING OPTIONS, week ending 20 Feb 2014.

I Spy..... A few things have caught our eye this week, and all less than £120k which is unusual. As ever it's going to be a case of calling the agents involved and seeing if there's anything left - the market remains feisty(!) so a lot of deals will have been done already. We've spotted..............

£70,000 - A good budget option - this will rent for £430 at least to a working tenant - a return of over 7%.
£75,000 - These things are always popular and will rent for at least £500 in good order. It's in an excellent location too - the catch is it's off to auction so the suggested price of £75k (a bargain) could end up being much higher.
£84,000 - This has been around for a couple of weeks, is in immaculate condition and will tenant quickly at £550PCM. I'm guessing some people are put off by the area - they needn't be - you'll rent this and get a return of over 8%. 
£105,000 - A very good area - will rent for minimum £525PCM and is ideal if you're bothered about WHERE you invest.
£110,000 - A wildcard! This is freehold, brand new, and I understand there may be some movement in the price. I'm seeing it later today, but there should be no problem at £500PCM so the return will be pretty good. UPDATE : Been there, seen it, not bowled over!
£115,000 - Again this has been around a while. I think it's a repossession and I'm not sure why it hasn't sold. One of the best areas of town, and an easy £600 in rent means this is a bargain as long as the service charge is sensible. 

Any queries on any of these, please get in touch.

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