With all this choice out there, you are sure to be able to find yourself a nice little investment property. This one caught my eye as it looks quite nice, (although personally, I would neutralize the hallway somewhat!)
These apartments are an agents bread and butter, there is always demand for them. this apartment appears to be one of the larger designs of flat in the development and offers an en-suite as well, which not all of them do. This should mean that you will be able to command the higher end of the rental bracket in this area. It’s on the market for £174,995, which in my opinion is top dollar, I would be happier to see it nearer the £170k mark, although, even if you did pick it up at the asking price. the yield it would produce would be 5.3% as you are looking at a realistic rent of £775 pcm.
As mentioned before the market is very busy on sales, so with any property if you are interested in, regardless of which agent it is on with, you best register your interest with them as soon as you see a property you like come to the market
If you would like any advice on where to buy your next buy to let property, give me a shout on 01245 330500, or e-mail me on stephen.frost@martinco.com
