THESE FLATS SOLD OUT IN THE FIRST 24 HOURS OF VIEWINGS. WE'RE EXPECTING A FURTHER RELEASE SOON. CONTACT US TO REGISTER DETAILS.
I've been talking to a PLC builder for a while about a small development they are undertaking close to the town centre - it's at NN4 8EL. We're now at the point of apartments being released and it's looking quite good from an investment perspective - prices are very good for new build. Basic details are:
- a range of 2 bed apartments, with parking, priced from £120k to £132k.
- will rent at £650PCM, or take £15,000 guaranteed for the first 2 years.
- leasehold - 999 years on the lease. Service charge and ground rent under £1000 per annum.
- supplied TENANT READY - by negotiation - nothing you'd need to add yourself.
- 10 year NHBC RENTAL GUARANTEE plus 2 year builders guarantee
- 2 year RENTAL GUARANTEE from this agency for all managed landlords - reflecting that we're confident(!), and these units will rent well.
What type of investment is this?
If you're after something that's low risk and low maintenance, these are ideal. They are sensibly priced, will rent easily and consistently apart from a gas test in year 2). They are available tenant ready, so no need for you to add anything such as carpets and curtains.
The Apartments
They are nice! Good sizes. Good spec. Two double bedrooms. Typical layout as follows:
Kitchen: 3.475m x 1.990m
Lounge: 4.575m x 3.475m
Master Bedroom: 3.980m x 2.680m
Bedroom 2: 3.360m x 2.750m
The Apartments
 |
| Typical Layout |
Kitchen: 3.475m x 1.990m
Lounge: 4.575m x 3.475m
Master Bedroom: 3.980m x 2.680m
Bedroom 2: 3.360m x 2.750m
Our Verdict
This Bellway development at Lockside is a classic example of a low hassle ‘safe’ investment if that is your preference. What you’re buying is in excellent order (it’s brand new!), will attract good quality tenants, will enjoy minimal void periods, and for the first few years should be pretty much maintenance free. With the new university going in on the doorstep, and a 999 year lease, the potential for capital appreciation looks good too. If you're the type of investor that says "I just want something that will cause me as little bother as possible" (and I get quite a few!) - you need to ask yourself what is lower hassle than this!
What next?
These aren't built yet and aren't viewable. You can walk past the site now and see them being built. We have some plans, and once the roof goes on there should be something to walk round in the next month or so. But this isn't the sort of property where you need to visit to see - it's a standard modern apartment - you're buying the bricks. As with all new build sites, we expect prices to go UP as the build continues - so if you're interested get in quickly at the start. This Bellway development at Lockside is a classic example of a low hassle ‘safe’ investment if that is your preference. What you’re buying is in excellent order (it’s brand new!), will attract good quality tenants, will enjoy minimal void periods, and for the first few years should be pretty much maintenance free. With the new university going in on the doorstep, and a 999 year lease, the potential for capital appreciation looks good too. If you're the type of investor that says "I just want something that will cause me as little bother as possible" (and I get quite a few!) - you need to ask yourself what is lower hassle than this!What next?
All enquiries must come through us on this development.
01604 626626
northampton@belvoir.co.uk
Speak to Richard or Charlotte
