Fridays buy to Let deal of the day Northampton

It’s been a while since I’ve recommended a property to buy with a tenant in situ (mainly because there haven’t been many on the market!), but today I have come across this one for sale with Your Move..

It’s a fairly straight forward process when buying a property with a tenant in situ, the tenancy that they have running, will continue until it’s expiry regardless of the owner and if you have a good agent managing it for you, they will be able to advise the best course of action at that point.

http://www.rightmove.co.uk/property-for-sale/property-45508578.html

As you will see from the Rightmove link above it’s a two bedroom ground floor apartment currently rented at £650.00 pcm.  So if we look the asking price of £130,000 and work out the yield (we do that by taking the annual rental income and divide by the purchase price), it would give you an annual return of 6.0%!

This property would make a great investment, especially if you are a first time landlord and if you are and would like some free impartial advise about buy to let,

please get in touch with me on 01604 607080.

 

I would love to hear your views