Good Morning, it’s a cold crisp morning here today in Northampton and I’m recommending this property we have just listed on the market for sale as an investment.
It’s a traditional two bedroom terrace home, located in a great position: Close to the town centre and walking distance to the train station in Northampton.
We have put it on the market for sale for £140,000 and rental wise; if we were to put it on the market for rent today we would be suggesting a figure in the region of £650.00 per calendar month. So let’s calculate the yield - take the monthly rent of £650.00 x it by 12 months and divide it by the sale price of £140000, this would give you a yield of 5.6% - not bad for a freehold property in Northampton.
There’s also the capital growth to consider when looking at a rental property as an investment too. So that’s when the value of your investment increases over time, and looking at this property in particular it has gone up a huge 107% since it was last sold back in 2002 for £67,500.
http://www.rightmove.co.uk/property-for-sale/property-57348053.html
Now given these figures I would expect this property to fly out the door, but if you are looking for an investment property to buy, or have a question about selling or renting in Northampton pick up the phone and give me a call, I’m Katherine Bond from the Northampton Letting and Estate Agency Northwood and you can call me on 01604 607080 or why not subscribe to our youtube channel https://www.youtube.com/channel/UCQ028Nd4lZRTN4zzNKdClow where you will find more videos on what is happening in the Northampton Property Market.
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