So I have been surfing the property portals for the latest bargain and I stumbled on this little cracker (and it is folks)
Currently on with Chancellors at a guide price of £230,000 this will fetch at least £925 per calendar month on the rent. It needs little or no work doing to it either.
The location itself is pretty good and with over 40% being privately rented it is clearly a target location for investors, and with a 4.8% yield it is not hard to see why.
A brief look into the selling history of this development shows a 2 bedroom flat sold on 15th October 2013 for £184,500. A year on and look at the difference. Ok so it might only have had one bathroom Vs this one which has the en-suite but since when was a bathroom worth £45,000?!!
I have a few in this development and their lettings history is one to certainly be proud of.
Wit many agencies suggesting prices are where they should be right now, this one will tick the main boxes:
- Good yield
- Capital Appreciation looks promising
- Low maintenance
- Regualar let (minimal void)
What more would one ask for?!
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