Wednesday, 28 October 2015

Bonners Raff 2 Bedroom Loft Style Apartment (9.0% Gross Yield)

Given there are a number of apartments in this building for sale at £150,000 or more and the most recent sales this year have all been for over £100k, this 2 bedroom apartment looks to be good value at £79,950

Admittedly it's a 2nd floor single floor unit (rather than the much more popular higher floor Duplex apartments) but even so we know from experience it will be popular with both professionals and given the location a stone's throw from St Peters Campus, you could rent it furnished to students, if that's your sort of thing

Either way you'd be looking at £600 - £650pcm which based on paying the asking price and the lower rental figure would deliver 9.0% Gross Yield

Obviously it's leasehold so there are service charges to consider to deduct from the above calculation

Click here for details http://www.rightmove.co.uk/property-for-sale/property-50558363.html

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



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