Thursday, 15 January 2015

One Bedroom Bungalow in Dalton-le-Dale (6.6% - 7.4% Gross Yield)

With an ageing population and an increase in home-owners selling up to fund their retirement (due to a lack of private pension) properties that will appeal to older tenants will have good long term prospects for investors

This 1 bedroom end terrace bungalow probably needs work internally (there's only external pictures shown) but the semi-rural location is good and this is likely to be popular property

Based on £400 - £450pcm rent and £10k for improvements on top of the £62,500 asking price, it will return a healthy 6.6% - 7.4% Gross Yield but given this is likely to attract long term tenants, the long term return should be better than a property where there is more tenant churn / voids etc

Click here for details http://www.zoopla.co.uk/for-sale/details/35649107?tmad=c&tmcampid=35&utm_campaign=buy-alert&utm_content=contact-type-listing&utm_medium=email&utm_source=alert#BmRIZC6dCvgMRutJ.97

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

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