I saw this property this morning and thought it looked a little bit tasty, so I wanted to share it with you all.
It’s a modern apartment at the bottom of Moulsham Street, big ticks on the location front. Looking at the photos, the condition looks to be pretty good and well presented, another big tick on the letting front!
I would expect a property like this to be let for at least £850 pcm, which if you calculate it against the asking price of £200,000, could potentially generate you an annual yield of 5.1%. As with any leasehold property, make sure you check out what the service charge information is as this will have an effect on your overall return.
If you would like any advice on a particular property you have seen and wanted an honest opinion on what it would rent for, feel free to pop the web link on an e-mail to me. firstname.lastname@example.org