Today I have found this suitable buy to let property in Westone, Northampton, although it’s a bit further out of the town it is very popular with tenants wanting more of a peaceful surrounding.
It’s a ground floor maisonette and is offered to the market with No Upper Chain. Accommodation comprises; entrance hall, sitting room, kitchen, two double bedrooms and bathroom. Outside there is the benefit of two allocated parking spaces one to the front and another to the rear of the property. Further benefits include gas radiator heating and double glazing.
I would expect to see a rental value in the region of £650.00 pcm on this type of property, in this location, so when we compare this with the asking price of £124,995 would see a healthy return of 6.2%.
With flats and maisonettes there is normally the lease to consider and possible charges for the services and ground rents, but I notice on the advert it says the vendor advises there are 107 years remaining on the lease and the service charge is £675 PA – which isn’t too bad either!
Belvoir are the selling agents of this one, so get in touch with them for more information or follow the link below to view the advert on Rightmove…