Today I’m in Poets Corner in Northampton for my buy to let deal of the week….
It’s a two bedroom purpose built ground floor apartment located in the quiet residential area. The accommodation comprises of entrance porch, open plan lounge/dining room/kitchen, inner hallway, two double bedrooms and a bathroom. Externally there is an allocated parking space. The property benefits from UPVC double glazing and gas radiator heating.
These properties are fairly new – around ten years old so should still be in pretty good nick!
Our friends next door at Belvoir are marketing this one, with a price tag of £135,000 and they are suggesting a rental potential of £675.00 which I would say there or there abouts, you might even be able to push it to £695.00!
This would generate you a gross annual yield of 6.0%. Remember though as it is an apartment make sure you check the lease terms.
In the meantime click on the link for more info……