I've been advised of a 1 bed Coach House in St Crispin which is coming to the market, tenanted, at £125,000. This is one of the best areas in town, so will appeal to people who are interested in area primarily.
With any coach house there's going to be some sort of lease, but I'm told the charges on this one are almost zero so it's effectively a freehold property in all but name. It's going to look like one of these, but without the snow! The return of 5.5% is about as much as you can expect in an area like this, so get in touch, and I'll put you in contact with the selling agent.
As an added bonus it will probably have one of the garages too.
Purchase Price
|
£125,000
|
Headline Return
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5.5%
|
Rent
|
£575.00
|
Service Charge
|
£tiny
|
As an added bonus it will probably have one of the garages too.
