Starter type properties like this one make great investments for buy to let, especially in Northampton as they are at the lower end in terms of asking prices and are suited to a variety of tenants like single people or young couples starting out….
This one I’ve come across on Rightmove is being sold with Your Move and is a one bedroom ground floor apartment. It’s located in the popular Queens Park area of Northampton, so close to Kingsthorpe and to the town centre.
With the asking price at £94,995 you could expect to generate a yield of 6.3%, as I would suggest a rental value on this one in the region of £500.00 pcm, which is a good return in the current market. As this is an apartment it is likely to be a leasehold property, so before you go jumping in make sure you speak to the agent about the lease term and fees etc. as this may affect your return.