10 December 2015

Investment opportunity close to Andover town centre

We spotted this yesterday on Rightmove:

This looks to be a good buy-to-let proposition.  We look after several properties in Herons Rise and they always let easily as its not too far from town and they tend to be pretty spacious.  This particular property looks in good order and would be good for either a couple, or sharers as it appears to have two double bedrooms.  There is even the benefit of a garage!
One word of caution though, check on the length of the lease as this could explain the price.  Its relatively easy to find out how much a lease extension will cost so factor this in.

With the sale price of £125,000 you should expect to achieve around £700pcm giving a very respectable 6.7% yield.

Any advice on buy-to-let investments, pop in and have a chat.

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