It’s mid-way through the week and today I have an existing buy to let investment to share with you all.
We have just put it on the market for sale for one of our investor clients and it’s a proven good renter. We’ve looked after it for over five years and have never had a problem finding a tenant for it. This property can also be sold with the tenant in situ.
The rental figure you are looking at is £525.00 pcm, which when you compare it to the asking price of £104,995, would generate you an annual yield of approximately 6.0%.
It can be quite straight forward buying a property with a tenant in place, providing you use a quality agent to help organise the transfer of ownership and management.
If you would like any information about this property or any other buy to let investment feel free to pop into my office on the Wellingborough Road.