Apartments are popular amongst younger single professionals who just don't have the time or inclination to manage a garden, and this one is very nice (once you see past the pink and purple paint!)....
Located in Westcroft, on the western side of town, but still just 6-8 minutes drive away from the centre and the train station, this property is in a quiet cul-de-sac but with a wide range of local shops such as Morrisons, Boots and a range of smaller everyday shops all within just a couple of minutes walk.
On the retail market today at 'offers in the region of £168k' this is actually quite good value considering they sold for between £155k and £174k when newly built in 2005 - someone else has ridden out the credit crunch and taken the initial hit already, so you can now purchase this in a much stronger marker and enjoy the potential future capital increase throughout your ownership. I would suggest that the strong and bright colours on the walls should be toned down to a much more neutral and calming palette more appropriate to the rental market, at which point this could rent for around £795 per month if not a little more, a gross yield of around 5.7%.
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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