If your New Year's resolution is to get a buy-to-let this wouldn't be the worst place to start, in my view. It's a freehold 2 bed house near the Weston Favell Centre - I've seen people buy half a dozen of these in 2018 and they've all let out for at least £700PCM once they've been brought up to standard.
This one is advertised at £130,000 so you'd hope to get it for a little less. It will need improvement - they all do when they are available at that sort of figure - but it's then an easy let without the yield-busting issue of a service charge. Based on £700PCM and an all in budget of £140,000 I make it a 6% return which is hard to come by these days.
The agent is saying they are having an open day on Saturday - probably in the hope of drumming up a coachload of viewers - but I reckon there may be an opportunity to pinch this as I suspect that most buyers haven't recovered from their Christmas hangovers!
Happy to discuss, as ever, with anyone who's thinking this might be for them. We can sort the refurbishment out too. richard.baker@belvoir.co.uk.
This one is advertised at £130,000 so you'd hope to get it for a little less. It will need improvement - they all do when they are available at that sort of figure - but it's then an easy let without the yield-busting issue of a service charge. Based on £700PCM and an all in budget of £140,000 I make it a 6% return which is hard to come by these days.
The agent is saying they are having an open day on Saturday - probably in the hope of drumming up a coachload of viewers - but I reckon there may be an opportunity to pinch this as I suspect that most buyers haven't recovered from their Christmas hangovers!
Happy to discuss, as ever, with anyone who's thinking this might be for them. We can sort the refurbishment out too. richard.baker@belvoir.co.uk.