This one bedroom, top floor Royal Courts apartment is being sold at auction on Feb 23rd
It will appeal to a range of tenants - mainly young professionals or students but also as it's so close to the City Centre and the Metro it can appeal to older tenants too
We manage a number of 1 & 2 bed properties in the Royal Courts and find it is very popular and attracts good tenants throughout the year
The starting price is £55,000 but as it's being sold at auction it's hard to tell what it will go for - the 2 most recent 1 bedroom apartments were sold for £65,000 & £67,000 but this was back in 2010
If you work back from an achievable rent of £450pcm and a Gross Yield of 7.5% (because you need to factor in service charges etc) you'd be looking at paying no more than £72,000...if you can get it for this (or less!) it could be worth a look
Click here for details https://www.onthemarket.com/details/1107612/
Call us on 0191 567 8577 or email neil.whitfield@belvoirlettings.com for more information
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