Tuesday, 9 September 2014

Possible Auction Bargain - 3 Bed Riverview Apartment (9.6% Gross Yield)

The Riverview development on Low Street tends to buck the trend of City Centre apartments being hard to rent & at reduced rents - we find that the apartments we manage there are easy to rent out (typically to young professionals or students) and the rents have held firm in recent years

This 3 bedroom apartment could be a bit of an auction bargain - the guide price is £55,000 and the most recent 3 bedroom apartment sold for £75k in 2011, the previous one selling for £103,900 earlier that year

Based on a purchase price of £75k it will return 9.6% Gross Yield based on a conservative £600pcm rent - as it's a leasehold apartment you'll need to take Service Charges into account

Click here for details http://www.zoopla.co.uk/for-sale/details/34413225?tmad=c&tmcampid=35&utm_campaign=buy-alert&utm_content=contact-type-listing&utm_medium=email&utm_source=alert#0aGCevkVYFzM3j0c.97 

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

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