Friday, 14 November 2014

Bargain of the Week! Two Bedroom Top Floor Riverview Apartment (9.1% Gross Yield)

This two bedroom top floor apartment is in the popular Riverview development and at £65,000 looks to be the bargain of the week!

We manage a number of apartments in Riverview and have consistently found them easy to let, appealing to both students and professional working tenants (typically young couples or sharers)

When bought as new in 2005 this apartment cost a staggering £145,350 so this suggests over time there's room for plenty of capital also may explain why the current owner may be keen to sell at such a bargain price (if the rent is not covering the far-too-high mortgage payments based on the inflated purchase price)

As for rent, we find these apartments rent out easily at £495pcm so that will return 9.1% Gross Yield

Click here for details 

Given the price I'd suggest this will be snapped up soon so don't hang around!

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

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