Things keep popping up at the moment. This offers a decent yield, but is in a good area - you're not having to go into the poorer areas of town on this occasion.
- It's a compact 'starter home' - small, but for type of thing for which there is always good rental demand.
- It seems to be in good order too - it's likely that the required spend to get it tenanted will be minimal.
- Just advertised with an agent at £85k - this isn't bad money, but clearly you'll be trying to get that down a little bit.
- Expect it to tenant for a minimum of £425PCM - in the current market I'd actually expect you to achieve £450PCM, but always do your figures on the worst case scenario.
- This is a good bet for a long term rental property - it isn't one to 'flip' and make money out of. You're spending under £100k, AND getting a decent yield, AND getting a decent area.
- richard.baker@belvoirlettings.com if this interests you.
