This studio property has caught my eye today, if you are looking for a buy to let investment in Northampton take a look at this….
It is currently tenanted, so there could be an opportunity to buy with the tenant in situ. Even if they are looking to move out it is situated in a popular area for tenants and as it’s the lower end of the rental market should re let very quickly.
It’s marketed with the Northampton estate agent ‘Less than 1%’ for £82,000 and they say it’s tenanted for £475.00pcm, offering a return of 6.9% per annum.
It’s fairly straight forward 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.
So what are you waiting for, here’s the link for more information…