Friday, 6 February 2015

Auction Sale One Bedroom Top Floor Apartment in Popular Royal Courts

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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