BTL Deal; Lovely first time investment
A charming period 2 bedroom property, set in a popular area for young families and young professionals is now available and could be a sound investment!
It’s on the market with a guide price of £189,950 and it will likely sell for around the asking price. This particular property benefits from 2 double bedrooms, a spacious lounge/diner, one bathroom and kitchen. The lounge benefits from a lovely bay window letting in lots of light and the property also has a lovely little private garden which has been finished off with decking and gravel for a low maintenance finish.
If the property sells at a price of £189,950 and produces £875 per calendar month, you would return an annual yield of over 5.5% of your initial investment. You won’t even need to put any money into it cosmetically as far as we can see, and even if you did wish to decorate it still makes it an incredibly attractive investment opportunity. The capital growth on this one should fall in line with London’s predicted average growth, so it should see a rise in value of between 3% and 6% over the next year or so.
If you would like to discuss this post, or any other potential buy to let investment you are considering, please come and see us at our office on Whiteladies Road, or alternatively, call us on 01179 744 997, or email us at clifton@intire.co.uk
http://www.rightmove.co.uk/property-for-sale/property-38596740.html