Property Of The Week - 7% Yield

Colwyn Road, The Mounts, Northampton NN1 3PU

On the market with Jackson Grundy is this one bedroom ground floor flat situated in The Mounts. It is an excellent purchase for an investor or a first time buyer to get you on to the property ladder. It has a service charge of £600 per annum and a lease of 964 years remaining (always check if there are any other clauses in the contract in case there are any hidden redemption penalties). On the market for £117,500 you could achieve £750 PCM giving you a 7% yield.

https://www.rightmove.co.uk/properties/133784747#/?channel=RES_BUY