This is a perfect starter property for the new investor looking for an inexpensive and easy way into letting. Being a 1 bed studio apartment there is very little to it, and therefore little that would demand attention or huge financial commitment in the future, yet there would always be a demand at this end of the market amongst young tenants wanting a first place of their own.
Offered for sale at a tad under £95k, a quick clean and maybe a fresh lick of paint would see this on to the rental market at around £525 PCM, showing a very healthy gross yield of 6.6%, and with great demand for these small properties you are likely to be able to let this quite easily, time after time.
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, or pop along to our offices for a more detailed chat about your requirements and how we can help you.
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