Another week almost over and what a weeks it’s been! One
to think about for the weekend is this property in Abington….
It’s a mature terrace house & like a couple of properties
I’ve mentioned recently this one is being sold with the tenant in situ on an Assured
Shorthold tenancy agreement. Which just
highlights how many landlords are looking to benefit from Northampton’s improving
property market. This also means that new landlords can benefit from these
situations, reducing the initial costs of having to find a new tenant once the
purchase has completed.
The tenants in the property are currently paying £645.00 pcm,
which I would say is spot on, for this type of property. So basing our yield
calculations on the asking price of £139,950 Richard Greener have put on it,
means you are looking at a potential return of 5.5% per annum.
It's fairly straight forward when buying a property with
a tenant in situ, the tenancy that they have running, will continue until it's
expiry regardless of the owner and if you have a good agent managing it for
you, they will be able to advise the best course of action at that point.
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