Northampton 9.0% Yield – Check the lease!

Good Morning readers, I hope you all had nice weekends and are ready to start a new week..?

Connells have listed this property for sale over the weekend, which I know will be popular with investors because there is such huge demand for them on the rental market & yields like this don’t come up very often here in Northampton…..

It’s located in East Hunsbury which is a good area for tenants; amenities are on hand, including a doctors & dental surgery, a Tesco Extra as well as a Tesco 24hr Superstore, dry cleaners, a community centre and other leisure facilities. It’s also close to the M1 motorway so offer great links for commuters out of Northampton.

The condition of the property looks ok, it has a refitted bathroom and comes with a garden and parking, but it looks as though some windows may require replacement.  

It’s being offered for sale with no chain at a very reasonable price of £70,000, even if this needs a couple of windows re fitted there is a massive return to be made here.  We would rent these properties out for around £525.00 pcm, which would get you the huge yield of 9.0%!

As it’s a leasehold property, I would be inclined to give Connells a call to find out the information on the lease before jumping in head first, but be quick, this one won’t be around for long! 

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