As we near the end of another week, I’ve come across another
buy to let investment for you to see.
It has come to the market with O'Riordan
Bond for £89,995 and they describe it as an improved modern first floor flat
with accommodation comprising communal entrance, entrance hall, sitting/dining
room, kitchen, two bedrooms and a refitted bathroom. Outside are communal
gardens and communal parking. Further benefits include uPVC double glazing and
electric heating.
You would be looking to achieve around £500.00 - £550.00 in rental
for this type of property in this condition. Which when you work out all the
figures, you are looking at an annual return of between 6.6% to 7.3%, not
taking into account any service charges or ground rent which may be due.
It may
not necessarily be an area that comes straight to mind when thinking about
buying an investment property in Northampton but with these high yields it definitely
worth a look.
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