For sale today is a 2 bedroom apartment in the newly redeveloped area of Ashland. The apartment is less then 5 years old and therefore will come with a reasonable lease length and is offered with no onward chain.
The property is on the market for £179,950 and appears to be in relatively good decorative order, however from the photos it appears that there is holes in the walls between the lounge and one of the bedrooms, which will need repairing before a tenant moves in. This property will appeal to young families and professional tenants with its two double bedrooms, allocated parking and its close proximity to the Open University and Hospital. Once the works were completed, you would be looking to achieve a rental return of between £875pcm and £900pcm, which would see a healthy gross yield of between 5.8% and 6%.
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.
This is really very nice house.
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