Northampton Buy to Let Deal

Good Morning, it’s a cold crisp morning here today in Northampton and I’m recommending this property we have just listed on the market for sale as an investment.

It’s a traditional two bedroom terrace home, located in a great position: Close to the town centre and walking distance to the train station in Northampton.

We have put it on the market for sale for £140,000 and rental wise; if we were to put it on the market for rent today we would be suggesting a figure in the region of £650.00 per calendar month. So let’s calculate the yield – take the monthly rent of £650.00 x it by 12 months and divide it by the sale price of £140000, this would give you a yield of 5.6% – not bad for a freehold property in Northampton.

There’s also the capital growth to consider when looking at a rental property as an investment too.  So that’s when the value of your investment increases over time, and looking at  this property in particular it has gone up a huge 107% since it was last sold back in 2002 for £67,500.

Now given these figures I would expect this property to fly out the door, but if you are looking for an investment property to buy, or have a question about selling or renting in Northampton pick up the phone and give me a call, I’m Katherine Bond from the Northampton Letting and Estate Agency Northwood and you can call me on 01604 607080 or why not subscribe to our youtube channel  where you will find more videos on what is happening in the Northampton Property Market.

I would love to hear your views

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