Well today I’m showing you another great buy to let deal in Northampton, which is also a maisonette….
This time it’s a two bedroom, first floor maisonette for sale with Jackson Grundy;
It’s in the ever popular Spinney Hill area, and the property comes with no chain and benefits from UPVC double glazing. In brief the property comprises entrance hall, lounge, kitchen, two bedrooms and bathroom. Externally there is one allocated parking space and a visitors permit parking space.
It’s on the market for £125,000, which is a very good price, however looking at the particulars there is approximately 65 years remaining on the lease, so I would recommend you budget to extend the lease too.
You could gross a yield of 6.6% per year, if you get it bang on the £125k mark, given that the achievable rent would be around £695.00 pcm, however this doesn’t allow for the cost of the lease extension.
The selling agent will be able to advise you more about the lease and other property particulars, but check out this link below for more information…