Thursday, 31 March 2016

Tenanted Farringdon 2 Bedroom Flat - Auction Sale (11.6% Gross Yield)

Another Barnard Marcus Auction property - again in the 12th April auction but this one seems less of a risk

It's a 2 bedroom flat on Allendale Road, Farringdon - we know these are popular as we manage a number of similar flats round there



The Guide Price is £40k and based on paying no more than 10% on top of this and getting £425pcm rent (they say there's a tenancy in place) it will return 11.6% gross Yield

One thing to note is that there's less than 75 years left on the lease - this may be reflected in the price as it might affect your ability to get a mortgage 

Click here for details http://www.rightmove.co.uk/property-for-sale/property-53567875.html

If you'd like to find out more about this prior to the auction give me a call on 0191 567 8577 or email neil.whitfield@belvoirlettings.com

3 comments:

  1. nice house and they deserve the amount
    http://globalpropertyinvestors.co.uk

    ReplyDelete
  2. A bridging loan provides you with the funds you need to buy your new home before you’ve sold your current property. If you need more info, visit www.loans-co.uk

    ReplyDelete
  3. Setsu Niseko will look after your property like it is our own. We are always on hand to take responsibility for all elements of managing your property. Niseko Apartment for Sale

    ReplyDelete