As
half the UK contemplates if things will ever be the same again, a decent
FREEHOLD opportunity has popped up for those of you who take the view that
supply far outweighs demand so houses remain a safe bet.
This
is a 1 bed cluster on FARNDON CLOSE which will be available soon with an asking
price of £112,500. The owner, who needs to sell for business reasons, has told
me to get £110,000 for it – and with plenty of comparable properties listed for
between £115,000 and £120,000 there shouldn’t be much of an issue with that.
It
will rent for £500PCM – these things are VERY rentable - offering a headline
return of 5.4% - which in this market and in this price bracket isn’t half bad!
It’s tenanted currently – but the tenant isn’t the best so it will be sold with
vacant possession and ready to let upon completion.
A
few pictures below for you. Interested parties, please get in touch with me
without delay richard.baker@belvoir.co.uk
