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

Call us on 0191 567 8577 or email for more information

No comments:

Post a Comment