Northampton Waterside Buy to Let

On my daily search of Rightmove I have come across this two bedroom leasehold property for sale in the town centre of Northampton…

Located within the Cultural Quarter of Northampton, near to Derngate Theatre and is also very close by to the new Waterside University Campus.

Listed for sale over the weekend with the estate agents Belvoir and they have it marketed for £139,995 and knowing this building very well as it’s popular for buy to lets, and we let one here recently I would say £695.00 pcm is the right rental figure for this one.

So what is the rental yield, well if we take the annual income from the rent and divide it by the asking price that give us 5.9%, but if there is a deal to be done on the asking price this could get better!

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-49803438.html

I would love to hear your views