One Bedroom Apartment River View Northampton

My buy to let recommendation today is another one bedroom property, but different to Mondays cluster home I posted about!

It’s a one bedroom apartment very close to Northampton town centre and comes with parking; the development was built in 2010, so its quite modern and shouldn’t need too much (if anything) doing to it in order for it to be rented following a purchase.

Due to the popular location of this development there will always be a demand for these units, whether it be from first time buyers buying or tenants renting, which is perfect for an investment.

So let’s look at the figures; the rent charged to the tenant on this type of property would be in the region of £525.00pcm and if we compare that with the asking price of £99,995, your annual yield would be 6.3%.

Now this is a leasehold property, so you will need to consider the costs of the service charges that will almost certainly be due. Don’t be put off by the service charge, as it usually covers the costs of repairs to communal areas and the structure of the building, such as roof, windows, pipes, drains and buildings insurance.

Why not click on the link below for more information:

http://www.rightmove.co.uk/property-for-sale/property-38405214.html

Or if this one isn’t for you, but you would like to know more about Northampton’s lettings market or buy to let Northampton please give me a call on 01604 607080 and I look forward to hearing from you.