Friday, 27 February 2015

2 x Riverview 2nd Floor Apartments (9.9% Gross Yield)

I've just spotted a 2 bedroom, 2nd floor apartment in the Riverview, Low Street development has been put on the market and further investigation has revealed that the same agent is offering an identical apartment for the same price

Both are being advertised at 'Offers Over' £60,000 and at that price look to represent great investments - we Let and Manage a number of apartments in the development and they are popular with both students and young professionals in equal measure, they are always easy to re-let

The going rate is £495pcm so based on this and £60,000 it will return 9.9% Gross Yield but obviously being a Leasehold apartment you'll need to factor in the service charge, which is around £100 per month

Click here for details

https://www.onthemarket.com/details/698350/ 

https://www.onthemarket.com/details/1213361/

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

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