For those of you still in the hunt of building your empire please have a look at this one which I happened across during my investment search.Currently on the market with Chancellors Estate Agents for £350,000 you can expect to see this let for £1300pcm which returns 4.4% which is a very healthy yield for such a good location and for a very nice apartment.
To be honest there is very little that would need to be done with this. It may need a paint in places and any carpets may need inspection when the property is vacant. A viewing would definitely be in order for a closer look but its turnaround to make it available to new tenants from purchase is minimal.
They are popular for both renting and purchasing. There is a rich history for both. Only last week I had one available for rent and it went 4 days into the marketing. The sales activity paints an equally positive picture which bodes well for any future capital gain.
From the 30th March 2007 to present day number 116 Reliance Way was purchased at £250,000 and sold on the 27th March 2015 at £321,000. At today's suggested sales price it has appreciated by over £100,000 in the last 10 years.
Call me if you would like more information on this and others.
Best regards
Richard
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