SOLD! TENANTED SALE, 4 bed, £139,995, £800 rent

A freehold one about to come to the market at £140,000 - happily tenanted at £800PCM to a tenant who looks after it - that's an 6.8% return.
This is a 4 bed property in Prentice Court, Goldings, NN3 that's coming to the market in good internal order - it's well looked after by the current tenant. 
The purchaser will probably have to pay some stamp duty on this one as we're out of time for completions by 31 March - so this needs factoring into the price. 
One final thing - I own it! I've had it for a few years my accountant says it's time to move this one on. As such I'm well placed to answer any queries - richard.baker@belvoir.co.uk.

SOLD! POTENTIAL 8% YIELD ON £90,000 INVESTMENT

BEAUTIFUL, isn't it! It’s rare to get anything under £100,000 these days but this 3 BED MAISONETTE is about to come to the market for £89,995. It’s TENANTED at £500PCM with the potential to increase this when the current tenant leaves. There are 97 years on the LEASE and CHARGES of around £60 per month – if you’re after good return at relatively minimal outlay, this is as good as the market has to offer currently.
Currently it's yielding just under 7% before costs. At the next change of tenancy this will change to 8% without any issue.

It’s in KINGS HEATH and above shops – not the most enviable location, but then it’s £90k for a 3 bed. I own a very similar property a few hundred yards away which I’ve had for several years and has never caused me an issue with finding a tenant.

I’ve not been in it, but I’m told it’s in GOOD GENERAL CONDITION with some smaller repairs required in places. richard.baker@belvoirnorthampton.co.uk if you’re interested.

SOLD! - buy it before stamp duty bites

An opportunity to make a small saving here for someone – the sale of this 2 bed apartment has just fallen through due to the purchaser being unable to get a mortgage. As such someone could pick this up – we can obtain searches etc from the person who’s pulled out – and hopefully complete this purchase before stamp duty kicks in on 01 April 2016. NOTE : getting the transaction completed by then will be dependent on you choosing the right solicitor and generally having a sense of urgency yourself. Key details are:

• 2 bed apartment, Johnson Court, NN4
• Close to town, next to the new university campus, VERY rentable.
• Lease 112 years, annual charges £1200
• Advertised at £119,995 – offer was accepted previously at £113,000
• It’s tenanted now, but the tenant is under notice and will be leaving. 
• The property requires works totalling £5,000 – we will arrange quickly once it’s empty. The current owner is short of funds and has not arranged.
• It will then rent for £650 and in the current market would be worth at least £120,000

As with everything currently I expect there will be a fair amount of interest in this, so please contact me quickly if you’re keen. A cash purchaser would clearly help given the timescales but there’s still time to do a mortgage provided the right broker / lender is selected. 

SOLD : DEVELOPMENT OPPORTUNITY

Another non-standard investment, but one that will certainly appeal to those who like a conversion project – essentially this is whopping great period property overlooking the racecourse park that’s ripe for either modernising and selling on or, more likely, converting into a number of smaller apartments – this is what’s happened to most others on the row.

The picture shows what it SHOULD look like, but not what it does! Floorplans below. Development is possible over 4 floors. 
 

10% return AFTER costs - but you need £500,000 cash!

Most of us will be priced out of this one, but for anyone who has £500,000 cash to invest I’m about to get an opportunity to take on a block of converted apartments that will deliver a return on investment of about 10% AFTER costs. Equally, as it’s bricks and mortar you’re investing in there’s every chance the asset value will increase over time too. Clearly there’s a little more to this than a standard purchase so I’m happy to meet and go through the figures with anyone who’s interested. It’s half a million cash you need though – no less.