Thursday, 1 May 2014

Echo 24 Apartment - Caution Advised but +9% Gross Yield!

This won't appeal to all investors but priced at £85,000 this Echo 24 apartment may appeal to some

Investors would need to be willing to tap into the International Student market but if so could return 9.1% Gross Yield based on £650pm rent and the £85,000 asking price
You'd need to factor in the hefty service charges and a sizeable annual budget for ongoing rennovations, repairs & furniture replacement

Given these apartments were originally sold for upwards of £160,000 there's clearly room for capital growth but we'd advise that any growth is likely to be in the long term, given there's likely to be more of these 'bargains' coming to the market in the next few years

Call us on 0191 567 8577 or email neil.whitfield@belvoirlettings.com for more information

No comments:

Post a comment