Property for sale at Auction with a 7.7% yield in Abington, Northampton

It’s turning out to be a nice day here in Northampton with the sun shining bright and I have another nice buy to let deal for you property hunters out there!

It’s a refurbished one bedroom apartment so its ‘letting ready’. It’s being sold by the auction house in Northampton and has a guide price of £75,000 to £85,000.These one bed apartments in this popular area for tenants, rent in the region of £550.00pcm, so you could be looking at an annual return of 7.7% if you picked it up for the top end of the guide at £85,000.

Buying a property at auction is both exciting and potentially profitable, it can avoid the ‘normal’ not to mention lengthy purchasing procedures and the risk of everything falling through at the last minute. At an auction, as soon as that hammer falls, that’s it – the property is yours, but remember it pays to do your research.

So contact the Auction House and arrange a viewing before you star bidding……

http://www.rightmove.co.uk/property-for-sale/property-52191998.html

I would love to hear your views

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