Are you looking to invest in buy to let in Northampton but
not sure where to start? Well this could prove a quick and easy start off for
you as this property is being sold with a tenant in situ…
It’s a one bedroom ground floor maisonette situated
at the end of a quiet cul-de-sac in the popular residential area of Little
Billing. The accommodation comprises an entrance hall, lounge/diner, kitchen,
one double bedroom and a bathroom. Outside there is an allocated parking space
and a communal lawned garden to the side.
Richard Greener has listed it for sale for
£89,950 and they have stated the property is currently let on an Assured
Shorthold Tenancy at a rent of £460 per calendar month.
So if we work out your potential return on the investment based on these figures, you would see an annual yield of 6.1%.
As this is a leasehold property however you would need to
consider the terms of the Lease. Which are detailed
on the advert as being offered for sale with the a 99 year lease but
it doesn’t say when it commenced, so make sure you check this out and the current service
charge is £923 per annum with a ground rent of £74 per annum.
Buying a property with a tenant in situ
should be fairly straight forward, but if you want to find out more, please feel
free to give myself a call to discuss further on 01604 607080.
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