Tuesday 25 November 2014

Westcroft 1 bed flat giving a 6.1% gross return, now back on the market after 4 months

Following on from a blog 'deal of the day' back on 14 July, it looks like a sale may have fallen through, as this apartment is now back on the market.
 
 


 
We said back then "This is not a bad area at all, with lots of great local shopping and on the fringes of Milton Keynes and close to open countryside. The vendor wants £110k for this, and in it's current state you would easily get £560-£575 PCM for it, giving a decent return of at least 6.1%, and with a 999 year lease you don't need to worry about being stuck with this in years to come."
 
So now, over 4 months later, this represents really good value for money, and subject to service charges and ground rent, this could be a nice little starter property for someone with a small fund to start them off.
 
If you are thinking of getting into the property rental market and don't know where to start, speak to us now on 01908 562582 for impartial advice and guidance to get the best return on your investment.

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