Happy New Year everyone, We’re all back to normal now, so thought I would kick off the week with this little gem in The Village
It’s on the market with More Estates and looks to me as thought it is priced to sell at £130,000 and with the recent changes in stamp duty, makes it even more affordable now. Please see link below to a stamp duty calculator
Properties similar to this, in this location would rent realistically in the region of £650 pcm and will attract professional tenants.
So, doing our sums based on a £130k purchase price and a rent of £650, you would be looking at a potential gross yield of around 6% per year. Better than any savings account!
If you would like any advice on where to buy an investment property (or not to buy for that matter) feel free to drop me an e-mail on stephen.frost@martinco.com
