Thursday, 30 April 2015

Affordable 2 Bedroom Ground Floor Flat in Town End Farm (10.6% Gross Yield)

In our experience this 2 bedroom ground floor flat on Baxter Road should be popular with a range of tenants and at £39,950 may offer an affordable & low risk first property for a novice investor 


It has secure entry and allocated parking and being on the ground floor will appeal to both young tenants and older tenants looking to downsize

Given there are no shots of the kitchen or bathroom it may be worth budgeting a further £10,000 for modernisation of these 2 key rooms and perhaps a lick of paint & new flooring 

Even with this worst-case refurb budget added to the asking price it will return 10.6% Gross Yield based on a very achievable £425pcm rent

Click here for details https://www.onthemarket.com/details/1424415 and ignore the 'Help to Buy' sticker - for some reason Andrew Craig put this on all their photos but it certainly doesn't mean you have to use Help to Buy in order to buy it!

Call me on 0191 567 8577 or email neil.whitfield@belvoirlettings.com for more details

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