Whilst having a look at Rightmove today I spotted this property and thought it would be worth a mention as a potential investment property.
This block isn't that old, only having been built within the last few years, so it should be fairly low maintenance. They are very central therefore being attractive to professional tenants who need commuter links
It is on the market for £165,000 with Beresfords and I would expect this to rent out in the region of £750 pcm. This would generate you a gross yield of 5.4%
One of our landlords has recently bought a similar City Centre property after asking our advice on where to buy his next property and is achieving a 5.2% return on his investment.
For more advice on where (or not) to buy your investment property, give me a call or send me an e-mail. stephen.frost@martinco.com
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