Having a little nose on Rightmove this morning and this property caught my eye. It looks to be in lovely condition and they are great apartments for buy to let. They are modern, close enough to the centre for professionals and usually a very good size.
http://www.rightmove.co.uk/property-for-sale/property-34771254.html
With the event of a lot of new build apartments coming to the market at the moment circa £1100 / £1200, you would think that the market is becoming flooded with property. Within this particular price bracket, you wouldn’t be too far from the truth, however 2 bed apartment sub £1000 are extremely lacking, and not everyone is earning mega bucks!
Apartments of this type are currently letting for around the £875 pcm mark (and flying out the door), which if you compare against the asking price of £205,000, could produce you an annual return of 5.1%
If this particular property isn’t floating your boat, but have seen something else that you would like an honest opinion on, e-mail me the link over to [email protected] and I’ll be happy to give you a rental guide and opinion on lettability.
