Friday, 21 November 2014

Bargain Two Bedroom Flat Close to St Peters Campus / Metro (9.4% Gross Yield)

We highlighted a similar flat in this block a couple of months ago & now this 2 bedroom flat has come onto the market - it will appeal to both working or student tenants and the location close to the City Centre & St Peters Metro will be a plus

It's got electric storage heating which may not be to all tastes, it looks to need full redecoration throughout and worryingly there's no kitchen photo (so it may be best to assume the worst case scenario that this needs replacing) - even so once the work is complete it should achieve £450pcm rent

Based on the £47,500 asking price and a further £10,000 for improvements it will deliver a healthy 9.4% Gross Yield - being a flat there will be a service charge but this is relatively low compared to newer, larger developments

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