Monday, 17 November 2014

'Ready to Let' Moorside First Floor Flat (+6.75% Gross Yield)

This 2 bedroom, first floor Moorside flat looks to have been recently refurbished to a good modern standard, so it will be popular with a range of tenants, given it's location close to Doxford International

It's on the market for a reduced price of £80,000 and based on £450pcm rent will return 6.75% Gross Yield

It's worth considering that in my opinion the achievable rent is limited to £450pcm as it appears to just have the original electric heating

Investors planning for the long term would be advised to consider installing Gas Central Heating - we know from experience of managing several similar properties in the area that this will significantly increase interest and also the achievable rent, so may well be worth the additional expense

Given the good condition of the flat, with GCH it's likely that it could achieve £475 or even £495pcm

Click here for details 

You'll see it's being sold by the vendor using an online agent...make of that what you will...

Call us on 0191 567 8577 or email for more information

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