6% used to be the net return figure that everyone tried to avoid going below, but these days not much offers a return of this level so a freehold, ALREADY TENANTED at this level is a good buy in relation what else is available in the same price range.
This is a 4 bed ex Local Authority house in Thorplands - tenanted already at £750PCM. It's in good internal order (or was when the tenant went in!) so is not one you'd be expecting to spend a fortune on in the near future.
This is a 4 bed ex Local Authority house in Thorplands - tenanted already at £750PCM. It's in good internal order (or was when the tenant went in!) so is not one you'd be expecting to spend a fortune on in the near future.
If you look at comparables in the area you'll see that some 2 beds and quite a few three beds are priced at the same level or in excess of this - so it's actually quite good value at the price the vendor is asking. It's one that sold, but it doesn't look like the purchaser can raise a mortgage - we're seeing quite a bit of this currently and I'll be blogging on it later this week.
All enquiries to richard.baker@belvoir.co.uk as ever.
