- 2 Bed Apartment, Alpha House, Town Centre
- Sought after rental building.
- Repossession - needs someone that can proceed quickly.
- Will rent for £600PCM on a bad day - this will be a private tenant.
- Purchase price of £85,000 should be achievable.
- Requires a minimal amount up tidying to make it tenantable. £2000 + VAT max.
Suggested purchase price
|
£85,000
|
Estimated refurbishment spend
|
£2,000
|
Total spend
|
£87,000
|
Monthly rental figure**
|
£600.00
|
Annual yield
|
8.4%
|
**rental figures are conservative.
EMAIL richard.baker@belvoirlettings.com if you are interested.
14 properties acquired for landlords in 2011.
