Northampton’s Buy to let Deal – 6.8% Return!

Good morning, I hope you had a nice weekend?
If you are a potential landlord looking to invest in a buy to let property in Northampton this is one I would recommended to you…
It’s a two bedroom apartment on the Gregory Gardens development near to Boothville.   Its top floor and has open plan living, ideal for the young professionals and there’s even an en-suite in the master bedroom – so may appeal to two professional sharers.
It has recently come up for sale with the estate agent Haart, and they have an Open House this Saturday – but I’d give the a call quick to register your interest first.

So what do the figures look like; the asking price is £115,000 and the rental price per month should be around £650.00, so to work out the yield you take the annual rent and divide it by the asking price, would see a return of 6.8%!  This is of course before you take into account any service charges or ground rents, so make sure you get this information from the agent before diving in.

If you would like any advice on buy to let Northampton, please do not hesitate to contact me, I’m always happy to answer any questions you may have and you can call me on 01604607080

I would love to hear your views

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