On my daily search of Rightmove I have come across this two bedroom leasehold property for sale in the town centre…
Located in the sought after building of Bloomsbury House adjacent to the Derngate Theatre, the house offers in brief two bedrooms, bathroom and an open plan lounge, kitchen and dining room. The home also includes an allocated parking space in the St Johns car park across the road. Located to the town centre, access to amenities are exemplary, with a park, supermarket, theatre, cinema, health clubs, restaurants and high street retailers all within very close proximity.
It’s on for sale with the estate agents Jackson Grundy and they have it marketed for £139,995 and knowing this building very well as it’s popular for buy to lets, and we let one here just last week I would say £695.00pcm is the right rental figure for this one.
So what is the rental yield, well if we take the annual income from the rent and divide it by the asking price that give us 5.9%, but if there is a deal to be done on the asking price this could get better!
Of course when going further in to the sums, remember that most apartment blocks will be subject to ground rent & services charges, so make sure you factor this in, when working everything out in more detail…
This is the link to the property on Rightmove for more information….
If you are thinking of getting in to buy to let in Northampton and would like to speak to us for some impartial advice and guidance please feel free to give us a call on 01604607080.