Hot Spot Buy to Let Northampton

Hot spot for property rentals is the Life Building development in Northampton, surrounding the iconic Lift Tower this development is relatively new and appeals to a wide variety of tenants.

A spacious two bedroom ground floor apartment situated on The Life Building development in St James, Northampton. Leading from the entrance hallway, there is a spacious bright lounge room with dining area and leads on to the modern fitted kitchen, there are two good sized bedrooms, a useful storage cupboard and bathroom with shower. The modern development is a five minute walk from Northampton’s Sixfields Leisure Park, with its pubs, restaurants, cinema and bowling alley and offers great commuter links to the A45 and M1 as well as the train station being easily accessible on foot.

The property is marketed at £145,000 and although the current market rent is below today’s market value of £695.00 there is a potential to increase this to give you a decent return of 5.8%.

This is the lease information for this property is detailed below, and should be considered when buying a property, but I don’t think these aren’t too bad:

Lease Information
Tenure: Leasehold
Lease Start Date:01/01/2001 (approx.)
Original Lease Term: 999 year(s)
Lease Term Remaining: 984 year(s) (approx.)
Service Charge & Ground Rent: £946.00 per annum (approx.)

This is the link to the property details…

http://www.rightmove.co.uk/property-for-sale/property-68578442.html

Or give us a call to arrange a viewing on 01604607080.

I would love to hear your views