For those of you who are looking for an investment property in Northampton why take a look at this property below. I personally think it would make a good buy to let investment if you’re looking to add to a rental portfolio or looking as a first time investor.
For sale with Harrison Murray estate agents, they describe it as… open plan living area and modern refitted kitchen with built in electric oven, hob and overhead extractor fan, space and plumbing for washing machine and freestanding fridge/freezer and dining area. To the first floor there is a double bedroom and refitted bathroom with modern white suite finished with tiling and overhead shower. Situated conveniently for local shops and providing great access to Abington Park. To the front of the property there is a small enclosed garden and to the rear there is an allocated parking space. Other benefits include newly fitted double glazed windows and doors and electric heating. An ideal first time buy or buy to let investment. Call 01604 622205 to arrange a viewing.
So let’s work out the yield… take the annual rent, monthly I would suggest it a rental figure of around £595.00, so that would be £7140.00 annually and divide it by the purchase price of £125,000. If we then x it by 100 = it will give us the annual gross yield which is 5.71%! Not a bad return for a Northampton investment property, and remember you may be able to do a deal on the asking price so you could increase the % on the yield!
For more information on this property this is the link to Rightmove where i found the listing….