Beautiful in Broughton! 1 bed apartment with new tenants in place, £149k with 5.6% gross yield

This apartment is one of our own rental stock, and our long term client now wishes to sell this and release the capital. In order to make this an interesting and attractive proposition, this is being sold with a new tenant in place, includes all white goods and chattels as supplied in the inventory and is in top condition throughout.

 

 

 

 

  

With an asking price of £149k, and a new tenant paying £695 PCM, this currently shows a 5.6% gross yield, and there is scope for a higher rental income in the future by adding some basic furnishings and potentially achieving around £750 PCM for any future tenancy. I can tell you that this property always lets quickly and to high quality, young professional tenants as it is so well suited to that particular market demographic. Internally it is in fantastic condition, very spacious, has a nice balcony with a view, and sits on it's own with just 1 apartment per floor in the block of 3 residences - being on the second floor, nobody else ever comes up this far, so effectively you have a private penthouse apartment. It comes with an allocated parking space in the private car park to the rear, and the lease remaining is 113 years as of 2016.

 

 

 

 

 

This is not on the open market, so do speak to us if you would like to know more details or to arrange a viewing. It won't be around for long at this price and specification, the new tenant even enquired about potentially purchasing this himself later in the year, so don't hang about and miss this great little starter property.
 

 

 

 http://www.belvoir.co.uk/staverton-grove-broughton-milton-keynes/61675

 

If you struggling to find anything decent on the property market and need a little help finding potential bargains 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.

 

 





miltonkeynes.enquiries@belvoirlettings.com