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Why You Should Buy-To-Let In Northampton In 2023

17 Jan

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Looking to invest in a buy-to-let property in Northampton this year, or are you a first-time buyer looking to make your first purchase? Our expert Mortgage Brokers in Northampton are here to help advise you on the best course of action for your budget. 

Get in touch with us today to book a free consultation to discuss your options, or visit our Buy To Let information page to find out more. In the meantime, check out our guide below as to why buying in Northampton is a smart investment for 2023! 

Why Should I Buy-To-Let In Northampton?   

As a town with excellent travel links to London, Birmingham, and the North (both by road and train), Northampton is an area that appeals to many renters and first-time buyers who want to benefit from lower prices, compared to the costs associated with living in the big cities. 

With easy access to the M1 motorway via junctions 15, 15A, and 16 or via the A43 and A45 dual carriageways, and with regular train links to London and Birmingham, it is no surprise why this is a popular area for many commuters.  

Over the past few years, Northampton has become a busy social hub of independent food businesses and coffee shops for buyers and renters alike to enjoy. It’s also home to Billing Aquadrome, an excellent choice for family leisure and activities, along with days out at local sporting events, including the Silverstone racing and rugby and football matches at the Saints and Northampton Town grounds.

What Can I Expect From Property Prices In Northampton?  

Over the past twelve months, property prices in Northampton reached an average price of £289,839, according to Rightmove statistics. Within these figures, the majority of houses sold in the Northampton area were terraced houses, selling for an average of £235,514. Semi-detached houses averaged approximately £277,240, whilst the average detached property sold in the region of £445,040.  

Properties available in the Northampton area range from older properties to more modern homes from the 1960s onwards, all the way up to new build estates. Even if your property needs renovations, we have access to lenders you can borrow from, even when the property might be uninhabitable at the time of purchase. 

If you’re interested in buying a property in Northampton, our Mortgage Brokers in Northampton offer free consultations to help you clarify your options. 

What Is The Current Rental Market Like In Northampton? 

Many income opportunities are available in Northampton’s current buy-to-let rental market. Northampton landlords can expect to earn upwards of £650 PCM for a one-bed rental property, with the average monthly rental price being around £1,079. You can expect to earn even higher rates if you’re a landlord with an HMO.  

Get In Touch With An Expert Today! 

We know it can be overwhelming to get started, but our Experts will help you navigate your buy-to-let or first-time purchases. If you’re considering your options for a property in Northampton and want to find out more, speak with one of our advisors today. 

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