Lovely two bedroom first floor apartment in Southbridge, so walking distance to the town centre and the new university campus.
Condition wise, the property looks really good condition and has a large living room and open plan kitchen, great sized main bedroom with en-suite, smaller second bedroom but would fit a double bed, family bathroom with shower over bath and an allocated parking.
So with this sales price and a current monthly rent of £675.00, the yield is 6% straight away. When it comes up to renewal, you could potentially put the rent up, and increase your return further!
It’s fairly straight forward when buying a property with a tenant in situ, the tenancy that they have running, will continue until it’s expiry regardless of the owner and if you have a good agent managing it for you, they will be able to advise the best course of action at that point.
To register your details call Tina at Northwood Northampton on 01604 607080.