Wednesday, 26 March 2014

1 Bedroom Flat in Popular Royal Courts (7.2% Gross Yield)

Regular readers will know we rarely encourage investors to look at 1 or 2 bedroom flats 'in or around the town' due to the lack of tenant demand but time after time Royal Courts bucks this trend

The modern-ish (built in 2000) development is always popular with professional tenants and we have no problem letting both 1, 2 and 3 bedroom flats for decent rents
This 1 bedroom flat is on the market for £75,000 and once it's had a lick of paint will achieve £450pcm, returning 7.2% Gross Yield
Obviously being in a purpose built block it will carry a service charge but some landlords accept this knowing that (touch wood) they should get fewer maintenance costs than buying houses or converted flats

Call us on 0191 567 8577 or email for more information

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