I've highlighted flats in Northampton House previously on this blog, as these are always attractive to investors when priced sensibly, and another appeared on Rightmove yesterday which meets this criteria.
This is a 2 bedroom apartment with large balcony in Northampton House - very central location.
Here it is in all it's glory! http://www.rightmove.co.uk/property-for-sale/property-61104880.html
It will rent without issue for £650PCM, and looks to be in good order. It will need to be a CASH PURCHASE as getting a mortgage in this building is tricky, and the service charge will be high too. Irrespective if you buy it with the intention of retaining it for a while it's difficult to see how you can go wrong - even with the high service charge you'll get a high return on investment here.
This is a 2 bedroom apartment with large balcony in Northampton House - very central location.
Here it is in all it's glory! http://www.rightmove.co.uk/property-for-sale/property-61104880.html
It will rent without issue for £650PCM, and looks to be in good order. It will need to be a CASH PURCHASE as getting a mortgage in this building is tricky, and the service charge will be high too. Irrespective if you buy it with the intention of retaining it for a while it's difficult to see how you can go wrong - even with the high service charge you'll get a high return on investment here.
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Pros.
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Cons
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Great Central Location
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Cash Purchase Only
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Further Regeneration Planned Locally
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High Service Charge
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Cheap
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VERY rentable – strong tenant demand
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High yield – over 7% after charges
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richard.baker@belvoir.co.uk with any queries
