Last week, on 4th November, we showed this beautiful 2 bed / 2 bathroom apartment in Wolverton which was for sale at £170k at the time, but the vendor has now dropped the price to £163k.
At this price, and with an anticipated rent of £775 PCM (you could even push this to £800 in this market today), the gross yield goes up to between 5.7 - 5.9%, and the speed we let an almost identical property last week was such that the new owner completed on the Friday and we had the a tenant found for them by Wednesday, long before his contractors had finished refurbishing the property.
This particular property has already been circulated to our current list of investors looking to purchase something in the Milton Keynes area. If you are one of the hundreds of investors reading this blog daily, why not take the next step and give us a call to see how we could assist you in your search for potential investment properties - or to ask about our thoughts on your own choices, call us now on 01908 562582
No comments:
Post a Comment