Bargain buy to Let Northampton

Listed for sale today is this self-contained one bedroom ground floor flat, which does require some cosmetic upgrading and refurbishment, but well worth a look!  
It’s located in Kingsthorpe with amenities easily accessible by foot including shops and pubs, but may also appeal to the student let market as its walking distance to the Northampton Universities Park Campus.
The asking price is £69,950, and you will need to spend a little bit of money doing it up to a lettable standard, ideally with a new kitchen bathroom and redecoration, but this shouldn’t set you back too much.
It is leasehold property and we have been informed of the following:
  • Tenure: Leasehold
  • Lease Start Date: 28/11/2003 (approx.)
  • Original Lease Term: 99 year(s)
  • Lease Term Remaining: 86 year(s) (approx.)
  • Service Charge: £tbc
  • Ground Rent: £100 per annum (approx.)

If my memory serves me well, the service charge isn’t silly.


So what you can expect to achieve rental wise.  When in a ‘done up’ condition you could expect between £500.00 and £550.00 per calendar month.  So this will give you a yield of up to 9.4%… pretty good ay!
Here’s the Rightmove link….
 
Or give us a call at Northwood Northampton 01604 607080 to arrange a viewing. 

I would love to hear your views