Good afternoon everyone, just been going through Rightmove and noticed this little gem which is definitely worth a look. It’s a 2 bed maisonette, just come on the market with Haart. It could probably do with ‘neutralizing’ in the decor department, but the bathroom & kitchen are listed as brand new, one less thing to worry about.
One thing you will need to take into account is that the property is being sold with a short lease, therefore only available to cash purchasers. It does mean at this stage that you can bag yourself a bargain and still get market value rent. Having a short lease doesn’t affect the rental side of things!
When you decide to sell the property, you can then look into extending the lease at that stage and then be able to sell at a premium price. This one is all about the ‘Now’ & the ‘Future’.
You would expect to rent this out in the current market at £675, which would produce a 6.2% yield!
http://www.rightmove.co.uk/property-for-sale/property-44167840.html?premiumA=true
