After a quiet few weeks - where there's been literally nothing worth blogging about - we're starting to see a few things come to the market which will be of interest to investors.
This is one such - a 2 bed apartment at the quality end of the market that's tenanted already at £700 and sold with the tenant in situ. Advertised at £118,000 - we believe £115,000 may clinch the deal.
We've had it rented for a number of years and a number of tenancies. It's never been empty for longer than 7 days.
This is one such - a 2 bed apartment at the quality end of the market that's tenanted already at £700 and sold with the tenant in situ. Advertised at £118,000 - we believe £115,000 may clinch the deal.
We've had it rented for a number of years and a number of tenancies. It's never been empty for longer than 7 days.
Purchase Price
|
£115,000
|
Headline Return
|
7.3%
|
Rent
|
£700.00
|
Return after Service Charges
|
6.3%
|
- Lease 117 years. Charges of £94 per month - so still a 6.3% return after charges.
- Note that this is a FURNISHED apartment. About £50 per month of rent relates to the furniture - so you need to maintain the furniture or accept the rent will drop when the furniture goes!
richard.baker@belvoir.co.uk if you're interested please.
