Hot Spot Buy to Let Northampton

These modern apartments in Wootton are always popular with the professional tenant market, singles or couples due to the commuter links to M1.

It’s on the market for the reasonable price of offers over £135,000 with the estate agent Jackson Grundy.  I would say a rental figure to be achieved in the region of £650.00 – £700.00 pcm, so you are looking at a gross yield of around 5.7%.  This is of course without taking into account service charges or ground rent, so please bear that in mind.

This property is also being sold with no upward chain, so you could complete on this one quite quickly and turn it around for letting asap.

http://www.rightmove.co.uk/property-for-sale/property-58291921.html 

 

2 comments Add yours
  1. What is your opinion of the impact of the new University on the rental market in Southbridge next year? Do you think rents could increase due to extra local demand by support staff etc?
    I am buying a rental property there at the moment and aware of the transitional nature of the area and want more longer term tenants if possible to reduce disruption and possible void periods. Any suggestions?

    1. Hello and thank you for your message. The regeneration of the town including the new Waterside Campus can only have a positive impact on house prices locally. Southbridge in my opinion has always been a sought after area to invest in and I can definitely see the demand increasing, and in turn the rents increasing too. Are you looking for an agent to manage the property for you? At Northwood Northampton we offer a guaranteed rent package, so you are not affected by void periods.

I would love to hear your views