Tuesday 27 May 2014

5.7% Yield on Redmayne Drive

Good afternoon everybody, I hope you all had a great Bank Holiday weekend.

I thought I'd get straight back into the swing of things and have picked a property that may be quite interesting for you.

This lovely little apartment is on Redmayne Drive, off New London Road, quite popular with renters as they offer good size properties at a reasonable rate. On the market with Pink Residential for £129,000, I reckon they are looking for a deal around £125k, as this is the stamp duty bracket. Depending on what it looks like once empty, may need a touch up on the decor front, but that's not going to cost mega money.

We rented a very similar apartment in this area for £595 pcm. Working these figures out, you are looking at a very tasty 5.7% yield on your investment. 


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