GOOD LOCATION - 1 bed apartment with low charges

This is a good bet if you're on a budget. £109,995 (maybe a little bit less) buys you a TENANTED 1 bed apartment in the heart of Abington. Service charges are £500 per annum. The rent is £575PCM.
This is the upstairs half of a Victorian Terrace house, and situated just off the Wellingborough Road. Because it's an older property it's larger, airier, and the service charges are far less expensive. The lease is about 97 years.
The tenancy is running fine, but the tenant isn't the most houseproud of individuals, which I suspect is putting some people. It shouldn't - the tenancy is running fine that apart and a contract cleaner would have the place sparkling again in a couple of hours, if ever required.
You'll see from reading this blog that in recent months I've been bemoaning the lack of interesting looking purchases in 2018. This one's the exception - if you don't buy carefully in this market you could easily waste £150k on something that I'm not convinced is worth it - whereas this offers a good return on a road that you wouldn't usually be able to afford.

If you're interested, email me here.

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Adding Value Through Improvements

Not sure of the reason why, but we have a lot of landlords currently who are doing larger works to their property - and we have many more lined up for later in the year - far more than we've ever had previously.
This ranges from landlords who are buying properties that are in a mess then letting us sort them out before putting tenants in, to landlords who have tired properties that have been rented for many years - by upgrading them they increase their rental value and the property value also.
One we've just finished is here - a 2 bed property in Wootton Fields. This had been rented for several years. The tenancy ended in early May at £680 per month - we've arranged a new kitchen, bathroom, boiler, decoration, flooring - and a new tenant has moved in 5 weeks later at £800PCM. It's cost the owner just under £10k but whereas his property was previously worth about £180k I'd be confident of selling it for £200k now it's all nice and sparkly. He's not selling - he'll continue to rent for some years I suspect, but by investing further in his rental property he's a) increased its value and b) ensured his rent is maximised.


My message to anyone thinking of buying a property to let is not to worry about buying a dated or dirty one, AS LONG AS IT'S REFLECTED IN THE PRICE. We can sort it out quickly and at a fixed cost and you'll then end up with something nice, new, and very rentable.