Wednesday, 21 January 2015

1 Bedroom Ground Floor Flat (7.9% Gross Yield)

This 1 bedroom ground floor flat in Downhill (SR5) will appeal to a range of tenants and looks to be a decent low cost investment

It's priced at £47,950 and given there are no internal pictures, although the sales particulars mention a modern kitchen and bathroom it would be best to assume it will need at least decoration & flooring - so it makes sense to allow a further £5k for improvements

Based on a total investment and a realistic rent of £375pcm (depending on the condition £395 may be possible) it will return 7.9% Gross Yield

Click here for details

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