Calling all potential landlords... there's been a few properties I've noticed recently that are being sold with tenants in place and this one in particular caught my eye. The price is reasonable to buy it at £160,000, which for a 2 bed in this area, seems pretty good. The details say that there is a tenant in place currently paying £750 pcm.
Working just on these figures alone would generate you a yield of 5.6%. When it comes up for renewal thought, you could probably increase the rent or re-let it for a higher amount, maybe even £795 pcm, which would then increase the yield to 5.9%!
The area is good, the apartments are modern, the price is reasonable & the rents are good, a great recipe for a great investment!
Investment in Property- An investment in property forms a part of the financial target for almost every Indian family. While the timing can be different, the planning for property investment is an integral part of every person, largely due to the value attached to it. An investment in real estate has once again begun to turn priority for lots due to the slight fall in property prices in recent times. In addition, the salaried professional is beginning to feel comfortable with long-term commitment as the risk of job loss has become a thing of the past. As a result, numerous are beginning to look at property as an investment option once again.
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