Rising prices are making it increasingly hard to get hold of freehold property that offers a decent return, so investors are increasingly looking at this sort of thing in the Mounts (10 mins walk to town). It's a perfectly decent area - a rental staple.
It's a Victorian Terrace set over 3 floors (4 if there's a basement) and already tenanted at a good rent of £895 per month. It's on a good street and is 1 min walk to the Racecourse park. The owner wants £180,000 for it which is just under 6% return before costs..
3 bed FREEHOLD Victorian Terrace
£180,000 ovno
Already TENANTED at £895
Headline Return of 5.96%
Hunter Street, NN1
richard.baker@belvoir.co.uk with any queries.
