I really like these properties down at the Southbridge development and I would definitely recommend for an easy investment, so great first time buy for you new investors:
It’s a simple apartment and location wise you can be in the town centre in just a few minute’s walk, and there is also easy access to the A45 and the M1 road links.
It’s being advertised at a reasonable asking price of £137,000 with the Estate Agent Taylors in Northampton and there is no chain so it could be quite a straight forward purchase.
I would suggest a rental figure on this one of £700.00 pcm, so if we looked at your annual yield it would be 6.1%!
As I have mentioned before make sure you do your research though, as it’s a leasehold property you will want to know the term of the lease, what charges there are going to be for the ground rents and service charges etc and the estate agent should be able to give you all of this information.