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

2 comments:

  1. nice house and they deserve the amount
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