Good morning everyone, I have another opportunity to purchase an ideal and easy investment property. We have it marketed for sale for one of our investor clients and it is a proven good renter and can be purchased with a tenant in situ.
It’s a three bedroom Victorian terrace property located in St James Northampton. The current monthly rental figure paid by the tenants is £625.00, however as these tenants have been in situ for some time they are currently paying below today’s market rent for the property which should stand at around £700.00pcm.
The property is marketed at £145,000 so if we work out the figures based on the current rent paid it would give you a good return of 5.2%, with the opportunity to increase to 5.8%.
This is the link to the property details…
Or give us a call to arrange a viewing on 01604607080.