Another 5.3% yielding BTL

Two bedroom Victorian property suited to buy to let investors….

Situated in the popular area of The Mounts is this two bedroom terraced property, this location offers great links to the town centre, Northampton train station with fast trains to Birmingham and London Euston. The property itself is positioned with in a terrace row of houses and comprises of porch way, knock through lounge/diner, fitted kitchen with access to utility room and WC and the enclosed rear garden. To the first floor are two bedrooms and the family bathroom. Further benefits include Upvc double glazed windows and gas central heating.

http://www.rightmove.co.uk/property-for-sale/property-63596380.html

I would expect a property like this to be let for £725.00 pcm given the current market conditions, so if you calculate it against the asking price of £163,995 you could potentially generate an annual yield of 5.3%, which is a lot better than the banks are offering even after the interest rate rise!

At the moment, property is not hanging around, so if you are interested, you best go down to the agents to see about how to go forward.

I would love to hear your views

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