Morning all! What a wet a miserable day it is today out
there, well maybe this buy to let investment could brighten up your day…
This is a lovely looking apartment set on the Upton development of Northampton,
so offers easy access to the M1, A45 and A43, while also benefiting from
immediate access to a variety of restaurants, shops and supermarkets. The
internal accommodation comprises entrance hall, spacious living / dining area
with balcony, open to a modern fitted kitchen (with integrated dishwasher,
washing machine and cooking appliances), two double bedrooms (Juliet balcony to
master) and a ‘Jack ‘n Jill’ bathroom adjoining the main bedroom and entrance
hall. Allocated parking is positioned behind secure electronic gates, while a
secure bicycle store is also available.
It has just come on the market for sale with Jackson Grundy
and working out some number it looks to me to be a good investment, especially
as the condition looks fantastic you shouldn’t need to spend any money improving
the property.
So what are the figures; it is on the market for £145K and properties
like these can rent from £700.00 to £750.00 per month. This coupled with the
purchase price would deliver a respectable yield of 5.8% and 6.2% respectively.
The agent has also noted the lease information, which is
great as these figures will also need to be considered with your final
calculations.
This is the link to Rightmove….
where I saw the property advertised, but why not give the
agent a call to arrange a viewing.
Or if you would like some independent advice about buy to
let Northampton please feel free to call me on 01604607080.
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