For those of you who are looking for an
investment property in Northampton why take a look at this property below. I personally
think it would make a good buy to let investment if you’re looking to add to a rental
portfolio or looking as a first time investor.
It’s a one bedroom cluster home located
on Beech Avenue in Northampton. Now, from the pictures I can see that the kitchen is a little dated, but
as long as it’s all in working order it should be fine for the rental market
for a few more years. Also there isn’t a
picture of the bathroom – so check out the condition of this too! One more
thing to check would be the doors and windows, they look like they are the
older style wooden framed single glazed units, which have perhaps seen better
days – so may be worth pricing up for replacement upvc windows and doors.
Haart Estate Agent have put this property
up for sale over the weekend, and they have put a price tag on it of £109,995 –
reasonable I’d say, especially as it comes with parking.
When you look at the returns on this
property, dependant on the overall condition you should be looking at a rental
price between £500.00pcm and £550.00pcm, which could give you a reasonable yield
between 5.5% and 6.0%.
If you would like to pop in for a chat
to discuss the property market – sales or rentals in Northampton, please feel
free to do so!
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