Northampton Do-er Upper  

New to the market with James Anthony is this two bedroom property in Semilong, Northampton.

James Anthony Estate Agents are pleased to present this mature two bedroom property in need of modernisation. The accommodation comprises in brief: entrance hall, living room, dining room, kitchen, cellar. On the first floor are two bedrooms and a family bathroom. Outside is a courtyard style rear garden.

Looking at the pictures, this house is going to need a bit of money throwing at it to get it in to a rentable condition, with a new kitchen and bathroom needed, redecoration and new flooring/carpets. So you are going to need to factor this in when you are working out your numbers…

The guide price is £140,000 and let’s say you spend £20,000 on the refurb this would mean an outlay of £160,000.  So when you put this is against the rental figures, which I would suggest a rental potential of around £725.00 – £750.00 per month (depending on the finish) your return would be between 5.4% and 5.6% – not bad for a freehold property!

The estate agent have said that viewing will be strictly via OPEN DAY, so you will need to call them to book your timeslot and for more information take a look at the Rightmove advert below…

https://www.rightmove.co.uk/property-for-sale/property-53310540.html

 

I would love to hear your views

This site uses Akismet to reduce spam. Learn how your comment data is processed.