5.3% Return in St James Northampton

You’ll often hear me talk about St James in Northampton as a good buy to let area of the town…

You’ll find a variety of property types here too, including apartments, terrace properties – modern and traditional, so the area appeals to a variety of tenants. St James offers easy access to both the rail and road links as well as being is close to the town centre.

So today I am going to share with you this rental property which is going to be sold with the tenant in situ!  Now it’s not quite on the market but it will be in the next few days, so you luck readers get to register first!

He’s a sneak preview of some of the property photographs:

 

The property has two bedrooms and was modernised and re decorated approximately six months ago, so with the tenant it situ it should make for an easy investment purchase!

So what do the rental returns look like, well it’s going to be put on the market for sale at £170,000 and the tenants are in contract paying a rental of £750.00 per month, which would give you an annual return of 5.3%!

If you’re looking for a rental investment in Northampton, or want to know more about buying, selling or renting in Northampton why not give us a call at Northwood Letting and Estate Agent on 01604 607080.

I would love to hear your views