Northampton’s Buy to Let Deal of the Day

It’s a bit wet and miserable here on this Monday morning in Northampton, so perhaps this buy to let deal can brighten up your day…

 

On the market with Horts estate agent and they say it’s in need of some modernisation; to me looks like you will to put in a kitchen and bathroom, redecorate and add new carpets, you shouldn’t go OTT if you are going to be renting it out.  

 

Rental wise, these type of properties should rent out for around £625 pcm, so when you compare it the asking price of £87,500 and let’s say you spend £10,000 on the doing up bit, you are looking at a potential annual return of 7.6%.

 

As I’ve mentioned before, with apartments make sure you check the terms of lease before you buy!

 

If this one takes your fancy, click on the link for more information…. 

 

http://www.rightmove.co.uk/property-for-sale/property-67251587.html 

I would love to hear your views