I noticed this flat which has just come to the market with Miller Countrywide, with offers over £40,000.
The property is located in a central area close to the city centre and University. No internal photos so I assuming that the property is in need of a full make over!! The property does not appear to have Gas Central Heating so please also budget for this is your costing's.
A property like this should rent out for around £425 a month. Based on a purchase price of £40,000 the yield would be 12.75%. You will need to spend money on the property to make in a suitable condition for lettings, but this property appears to be a good investment.
For more details please look on Zoopla. http://www.zoopla.co.uk/for-sale/details/37571747?search_identifier=7565d389d968db8fe5429df8ebd0eda9#brMZx7fbxHlEYqY0.97
The property is located in a central area close to the city centre and University. No internal photos so I assuming that the property is in need of a full make over!! The property does not appear to have Gas Central Heating so please also budget for this is your costing's.
A property like this should rent out for around £425 a month. Based on a purchase price of £40,000 the yield would be 12.75%. You will need to spend money on the property to make in a suitable condition for lettings, but this property appears to be a good investment.
For more details please look on Zoopla. http://www.zoopla.co.uk/for-sale/details/37571747?search_identifier=7565d389d968db8fe5429df8ebd0eda9#brMZx7fbxHlEYqY0.97
0 comments:
Post a Comment