MILTON KEYNES portfolio sale

Another small portfolio for sale, TENANTS IN SITU, this time situated within the sought after Westcroft area to the south-west of Milton Keynes. Vendor is buying abroad and freeing up funds!

All two bedrooms with ensuite, service charge approximately £1,100 PA and leases with 115 years remaining. Built in 2005 and all benefiting from double glazing, gas central heating and allocated parking for one car.

The Northampton portfolio we mentioned recently disappeared in a week! Be quick if Milton Keynes whets your appetite!

Address	Furnished	Floor	Asking Price	Current Rent
Berrington Grove, MK4 4FB	U	G	£170,000	£650.00
Berrington Grove, MK4 4FB	F	1	£170,000	£695.00
Berrington Grove, MK4 4FB	U	1	£190,000	£775.00
Berrington Grove, MK4 4FB	U	G	£170,000	£650.00
Berrington Grove, MK4 4FB	U	2	£180,000	£795.00
Berrington Grove, MK4 4FB	U	2	£170,000	£725.00

Tenanted HMO - Far Cotton - No License Required - £165k

A different type of investment here and one that offers an impressive return of 8.4%. Key features are:

• A House in Multiple Occupation (HMO) in Far Cotton, Northampton
• Currently 4x lettable rooms over 2 floors bringing in £13,920 with the potential to increase.
• This HMO falls outside mandatory licensing (on the number of floors) and outside discretionary licensing (on area).
• It's in Far Cotton - a short walk from the new University Campus. 
• Asking price of £164,995

The property offers a decent return already, but the passing rents of £290 per month are LOW in the current market. The property is tired, but with modest improvement it would be possible to get the rent to £350 per room (without really trying) - a 10% return. 

richard.baker@belvoir.co.uk

Northampton, 1 bed apartment, £84,995, tenanted at £525, 7.4% RETURN

It's a pre-Christmas cheapy, but one that's very well located, and very rentable. It's a 1 bed apartment, very close to town - 5 mins to the town centre and 5 mins to the hospital - parking for 1. 

Works inside are nominal, and this will let for £525 very quickly (decent tenant), so it's ideal for an investor who's on a budget and doesn't want to end up in one of the poorer areas of town. 
Any questions, please ask! richard.baker@belvoir.co.uk 

APARTMENT IN BILTON, RUGBY (NICE AREA!), £129,000

I've been approached by an investor who will be selling their 2 bed apartment in Bilton as they now live outside the UK. This is already tenanted at £625, with annual charges of about £750 and 115 years on the lease. Asking price of £129,000.

This is a popular rental location in Rugby, south of the town centre and right next to Bilton Village which has a range of shops and amenities. The flat has been rented from new - never vacant for more than a few days at a time. It's clean, modern, and attracts good quality tenants. A very easy investment if you like things low hassle and fairly 'safe'. 

With the recent stamp duty changes, there's massive activity in the market at the moment - the real issue is going to be whether solicitors can deal with transactions by end March. If you are interested please make sure you email me quickly at richard.baker@belvoir.co.uk.

PORTFOLIO SALE - modern tenanted apartments

Prices from £117,000 - rents from £600 to £700

We've been instructed on the sale of 13 flats in the Northampton area. These are at various locations in town. The reason for the sale is marital breakdown. We have sales agreed on 2 already for this morning and expect the whole lot to go fairly quickly even though it's a quiet time of year. These will appeal to investors who value a nice looking property in a decent area that should prove to attract decent tenants and be fairly low maintenance. They are all LEASEHOLD with details as follows:

• modern (about 10 years old) 2 bed apartments.
• all in good internal order and well maintained by the current owner.
• all come with good quality private tenants already in.
• all with over 110 years remaining on the lease and annual charges of about £1000 per annum.
• predominately in the SOUTHBRIDGE area of town - VERY close to town, VERY easy to rent, and VERY close to where the university is shortly relocating. 
• available as singles or multiples but priced to sell so a discount for multiple purchases is unlikely.

Typical apartment pictures are below. If you're interested please contact me quickly at richard.baker@belvoir.co.uk