Having a little browse this morning of the property portals I have come across this little gem of an investment, especially if you are a first time landlord as it looks immaculate judging by the photographs and they rent out so easily.
It’s a leasehold apartment on the market with Jackson Grundy at £117,000. Its bijou accommodation comprises, entrance hall, sitting/dining room open to a refitted kitchen, two double bedrooms and a fitted bathroom suite. Outside is an allocated parking space. Further benefits include uPVC double glazing and electric storage heating.
We’ve rented a property recently on the same development recently for £695.00pcm; however that one had an en-suite so I would say for this one without an en-suite should achieve rent in the region of £650.00pcm! This would give you a fantastic annual yield of 6.6%!
Properties with this high a yield potential do not come to the market very often, so if I were you, I’d get down to the agent and get yourself a viewing!