Broughton is always popular with renters, as it is a modern and bustling location with fantastic road access for commuters, and this example is very tidy and a lovely starter property for an investor.
Immaculately presented, this 1 bedroom modern apartment has everything a young professional tenant would require, including allocated parking. There is always high demand in this location as it has a modern, energetic vibe and acts like a magnet for the younger generation who tend to move with their employment, so do expect a higher level of 'churn' here (regular changing of tenants every 6-12 months). For sale today at £130k, we would happily put this straight onto the rental market with just a quick clean and some white goods in place for at least £700 PCM, more so if fully furnished - perhaps another £50 PCM if you included some lounge furniture, a dining set, some bedroom furniture and a full range of kitchen white goods including a microwave. This would return a yield of 6.5% unfurnished or 6.9% fully furnished, a very good return in todays local rental market.
Don't delay on seeing this, because one of my clients has already been informed of this the moment it hit the market and was viewing it the same afternoon, so by the time you read this he may already have put in an offer on it!
If you really can't find what you are looking for on the property rental market and need a little help finding gems like the one above, speak to us about how we can keep you appraised of the latest opportunities before the rest of the pack. For more information about other potential investment properties that we could introduce you to (such as ready tenanted properties for sale by our existing landlords), or to ask about our thoughts on your own investment choices, call us now on 01908 562582 or send us an email.
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