Starter type properties like this
one make great investments for buy to let, especially in Northampton as they
are at the lower end in terms of asking prices and are suited to a variety of
tenants like single people or young couples starting out….
This one I’ve come across on
Rightmove is being sold with Your Move and is a one
bedroom ground floor apartment. It’s
located in the popular Queens Park area of Northampton, so close to Kingsthorpe
and to the town centre.
With the asking
price at £94,995 you could expect to generate a yield of 6.3%, as I would
suggest a rental value on this one in the region of £500.00 pcm, which is a good
return in the current market. As this is an apartment it is likely to be a
leasehold property, so before you go jumping in make sure you speak to the
agent about the lease term and fees etc. as this may affect your return.
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