It doesn’t get much easier than this… This apartment is being sold by Beresfords with the added benefit of having a tenant in place already for a year! This is great, as one of the worries of landlords is ‘how long will it be empty before a tenant moves in’ with this one, it’s not an issue!
It also looks in great condition and has been updated quite significantly, which is good as these flats are starting to get on a bit now. It’s on the market for £135,000 and the tenant in the property is paying £695, so without even breaking a sweat, you are looking at an annual yield of 6.1%… Happy days!
It can be quite straight forward buying a property with a tenant in place, providing you use a quality agent to help organise the transfer of ownership and management.
If you would like any information about Buy to Let or would like any advice, feel free to pop into my office on Duke Street
