7%! YES.. 7% Return in Northampton..

Good afternoon, I’ve just seen this property pop up and Rightmove and thought it was worth a mention for all you potential landlords…

Ok so the external imagine isn’t that great and unfortunately there are no internal pics (just yet anyway – maybe it’s because it’s just come on to the market so the agent haven’t had a chance to up load them yet) but it’s definitely worth a look!

It’s a modern terraced property with accommodation comprising entrance porch, sitting room, kitchen, two bedrooms and a bathroom. Outside is an enclosed garden to the rear and communal parking. Further benefits include uPVC double glazing, gas radiator heating and no upper chain.

Tenants would pay around £650.00 pcm for this type of property and O’Riordan Bond are advertising it for sale at £109,995, which doesn’t seem unreasonable in the current market and another benefit is it’s also freehold, so no ground rents or service charges to pay!

If we do our yield calculations, based on these figures, you could be looking at a gross annual return of 7.0%!!

If you would like any more information about buying to let, feel free to give me a call 01604 607080. 

I would love to hear your views

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