It’s a refurbished one bedroom apartment so its 'letting ready'. It's being sold by the auction house in Northampton and has a guide price of £75,000 to £85,000.These one bed apartments in this popular area for tenants, rent in the region of £550.00pcm, so you could be looking at an annual return of 7.7% if you picked it up for the top end of the guide at £85,000.
Buying a property at auction is both exciting and potentially profitable, it can avoid the ‘normal’ not to mention lengthy purchasing procedures and the risk of everything falling through at the last minute. At an auction, as soon as that hammer falls, that's it - the property is yours, but remember it pays to do your research.
So contact the Auction House and arrange a viewing before you star bidding......
http://www.rightmove.co.uk/property-for-sale/property-52191998.html
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