This came to the market earlier in the week with Good Choice Estate Agents and is a 1 bed freehold house with garage in Manorfield Close, NN3, on the market at £115,000
Why buy it?
It's freehold that's as cheap as you can buy in Northampton. These things are sometimes built as clusters (with no garden) and sell for about £115k. This one ISN'T a cluster - it's a proper house with a garden, AND a garage too. There's nothing close to it in terms of value currently. If you're insistent on a freehold property, are on a budget, and don't want to buy in an ex Local Authority area, this is the one for you. A quick trawl of the property portals will show you there's nothing else FREEHOLD in this price range.
Will it rent?
You bet it will. We'll get £575 for this without any issue which is a return of 6% based on the asking price. It's in a decent road so will rent to decent tenants.
Does it need work?
I don't know as I haven't seen it, but as there are no internal pictures I suspect it might. That's not an issue though - these are small places so getting them done up isn't a big issue - we can sort everything out quickly.
What next?
Good Choice are on 01604 631403. If you're not in town and want me to view for you, email richard.baker@belvoir.co.uk but don't leave it too long!
Why buy it?
It's freehold that's as cheap as you can buy in Northampton. These things are sometimes built as clusters (with no garden) and sell for about £115k. This one ISN'T a cluster - it's a proper house with a garden, AND a garage too. There's nothing close to it in terms of value currently. If you're insistent on a freehold property, are on a budget, and don't want to buy in an ex Local Authority area, this is the one for you. A quick trawl of the property portals will show you there's nothing else FREEHOLD in this price range.
Will it rent?
You bet it will. We'll get £575 for this without any issue which is a return of 6% based on the asking price. It's in a decent road so will rent to decent tenants.
Does it need work?
I don't know as I haven't seen it, but as there are no internal pictures I suspect it might. That's not an issue though - these are small places so getting them done up isn't a big issue - we can sort everything out quickly.
What next?
Good Choice are on 01604 631403. If you're not in town and want me to view for you, email richard.baker@belvoir.co.uk but don't leave it too long!