Northampton BTL Gem

This Friday we have this lovely potential rental, which is on the market with Edward Knights, see what they have to say about it:

 

“Edward Knight Estate Agents offer to the market this three bedroom terraced property situated in St James. The accommodation briefly comprises; entrance hall, lounge, dining room, kitchen and bathroom. To the first floor are three bedrooms. Externally there is a garden to the rear. The property benefits from Upvc double glazing and is need of refurbishment. An ideal first time or investment purchase. .”

This property is on the market for just £140,000. There are no photos online so this usually can indicate that the property inside is not in a presentable manor – i.e the property requires some work.Lets say you are to spend £25,000 which is a safe figure for a full refurbishment as long as no structural or major works are required. Going by these figures, this would mean you are all in for £165,000.

A three bed property in this area would achieve a comfortable rent of £850 per calendar month. This means you could achieve a rental income of almost 6.2%!! Lets also bare in mind if your refurb is less than £25,000, which means your yield may even be higher! A beautiful return for a Northampton BTL Deal! WOW

If you like the sound of this and do not want to miss out, use the link below:

https://www.rightmove.co.uk/property-for-sale/property-68016565.html

I would love to hear your views

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