Leasehold Buy to Let Northampton

On my daily search of the property portals I have come across this two bedroom leasehold property for sale near to the new Waterside Enterprise Zone development of Northampton…

It’s a two bedroom first floor apartment for sale with no upper chain via Jackson Grundy Estate Agents.  They say it is offered in excellent condition, has fitted wardrobes to the master bedroom and also comes with allocated parking which is a bonus for a central property like this.

Jackson Grundy have put an asking price on this property of £140,000 and knowing this building very well I would say that’s spot on.

It’s a popular development for buy to lets and we let one here recently for £695.00pcm.  So what is the rental yield, well if we take the annual income from the rent and divide it by the asking price that gives us 5.9%!

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….

http://www.rightmove.co.uk/property-for-sale/property-44781879.html

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.

I would love to hear your views