I have come across the following little gem courtesy of Connells. They
have a 2 bedroom flat in the Fegan Road, St Budeaux area with a asking price of £70,000. The flat might not be to everyone's cup of tea, and
future capital growth might not be that great, but you should be able to
let that flat to LHA tenants for the 2 bedroom LHA rate which is
£525PCM. The flat itself internally looks smart and no work would be
required in order to get the property ready to let. The flat was last sold in 2005 for £71,500.
If you can get the property for a little cheaper at around the £65,000 your looking at a great yield of 9.7%, even at the £70,000, the yield would be 9%, still not bad.
I know, I know there is a little more to property investment than great yields, some capital growth would be nice too.
For more details take a look at the property on Zoopla. http://www.zoopla.co.uk/for-sale/details/33385647
If you can get the property for a little cheaper at around the £65,000 your looking at a great yield of 9.7%, even at the £70,000, the yield would be 9%, still not bad.
I know, I know there is a little more to property investment than great yields, some capital growth would be nice too.
For more details take a look at the property on Zoopla. http://www.zoopla.co.uk/for-sale/details/33385647
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