Should I Buy To Let

Northamptonshire is proving to be a rewarding location for buy-to-let investors in 2024.

Rental yields, which measure the annual return on your property investment, are consistently healthy in the county compared to national averages. This means you can expect a strong and steady income stream from your buy-to-let property. Additionally, house prices in Northamptonshire are generally more affordable than the national average, allowing for a potentially lower entry point into the market and the chance to leverage your investment further. With a growing population and a diverse tenant base, including young professionals and families, Northamptonshire offers a stable and promising market for buy-to-let landlords.

Below you will find our handpicked selection of BTL properties with aproximate yields. 

Financing a Buy To Let Property

What's happening with buy-to-let mortgages?

Buy-to-let mortgage rates recently fell to the lowest levels since September 2022, when the cost of mortgages soared after the government's mini-Budget. A period of high inflation resulted in a series of hikes to the Bank of England's base rate, culminating in average buy-to-let rates peaking at 6.79% in August 2023.*

Best available BTL rates** based on:

Purchase Price £200000  -  Deposit  £50000  -  Mortgage  £150000

2 year fixed (Interest only) 5 year fixed (Interest only)

5.36%

4.45%
£995 fee £995 fee
£675 per month £560 per month

* Source: which.co.uk 17 Apr 2024. ** Indicative Rates supplied by Linear Financial Solutions correct on 29 Apr 2024. For information only, does not constitute an offer or financial advice.

Nina Carol Way, Kettering oieo £160,000

A superb two bedroom second floor apartment with allocated parking space.

Conveniently located for Kettering General Hospital, Kettering mainline railway station & the town centre the area is highly popular with renters.

The property benefits from upvc double glazing, gas radiator central heating, kitchen with built in and integrated appliances, 14' living room, bedroom one with fitted wardrobes & en-suite shower room, second double bedroom and a three piece bathroom suite. The accommodation comprises communal hallway with security intercom, entrance hall, living room, kitchen, two double bedrooms, bedroom one with en-suite and a family bathroom.

Lease Details: 125 Years From 1 January 2016 - 117 Years Remaining
Ground rent is £250 pa.
Service charge is £1,656 pa.


Yield Calculator

Purchase Price £160,000 - Monthly Rent £950 - Annual Costs £1906

Gross Rental Yield 7.13% - Net Rental Yield 5.93%

Full Property Details

 

Junction Way, Thrapston £300,000

Set on the edge of the market town of Thrapston, with its boutique shops, cafes and restaurants..

This three bedroom detached home boasts off road parking and single garage. Enter the property into the hallway with stairs rising to the first floor landing and doors to: cloakroom, living room with bay window to the side and window to front, kitchen/dining room fitted with a range of wall and base units to include integrated appliances: fridge/freezer, oven, hob and extractor fan, space and pluming for washing machine, patio doors lead out to the rear garden and patio, ideal for alfresco dining. To the first floor are three good sized bedrooms with the master affording en-suite shower room and further three piece family bathroom fitted with a modern suite. Externally to the front is driveway providing off road parking leading to a detached single garage.


Yield Calculator

Purchase Price £300,000 - Monthly Rent £1350

Gross Rental Yield 5.40% - Net Rental Yield 5.40%

Full Property Details

Thirsk Road, Corby £170,000

Offered to the market for sale with no onward chain

A well presented TWO bedroom residence located within walking distance to the town centre.

The property occupies a pleasant position near schools, shops and other amenities. Features include an entrance hall, large living dining room with doors leading to the rear garden, a modern fitted kitchen and utility room. To the first floor there are two large double bedrooms and the main family bathroom boasting a three piece suite. At the rear of the property is an extremely large garden mainly laid to lawn which is fully enclosed. On street parking is available. Early viewings are highly encouraged. Energy rating to be confirmed. Council Tax Band A.


Yield Calculator

Purchase Price £170,000 - Monthly Rent £850 

Gross Rental Yield 6.0% - Net Rental Yield 6.0%

Full Property Details

Sartoris Road, Rushden £170,000

Offered to the market for sale with no onward chain

This two bedroom terraced house is conveniently located with a number of shops to include a Co-op just a couple of streets away.

There are also schools, parks, the High Street and even Rushden Lakes retail and leisure complex all within walking distance and the A45 and A6 accessibly via car within just a few minutes journey. This established property comes with a modern first floor bathroom, two double bedrooms, a lounge open plan to a dining room all with engineered wood flooring, an entrance hall and a kitchen that leads to a utility area. Externally there is a low maintenance rear garden with a roofed patio area adjoining the back of the property. A fantastic first time purchase, buy-to-let investment or home that you could make your own through a light cosmetic update. EPC Rating D. Council Tax Band A

 


Yield Calculator

Purchase Price £170,000 - Monthly Rent £850

Gross Rental Yield 6.0% - Net Rental Yield 6.0%

Full Property Details