BEAUTIFUL, isn't it! It’s rare to get anything under £100,000 these days but this
3 BED MAISONETTE is about to come to the market for £89,995. It’s TENANTED at
£500PCM with the potential to increase this when the current tenant leaves.
There are 97 years on the LEASE and CHARGES of around £60 per month – if you’re
after good return at relatively minimal outlay, this is as good as the market
has to offer currently.
Currently it's yielding just under 7% before costs. At the next change of tenancy this will change to 8% without any issue.
Currently it's yielding just under 7% before costs. At the next change of tenancy this will change to 8% without any issue.
It’s in KINGS HEATH and above shops – not the most
enviable location, but then it’s £90k for a 3 bed. I own a very similar
property a few hundred yards away which I’ve had for several years and has
never caused me an issue with finding a tenant.
I’ve not been in it, but I’m told it’s in GOOD GENERAL
CONDITION with some smaller repairs required in places. richard.baker@belvoirnorthampton.co.uk if you’re interested.
