Look at this for a ready-to-go investment. It’s a recent conversion of an office block and looks to be finished nicely. It has the added bonus of parking, a must really for a town centre apartment. This is likely to be very popular with younger renters. The only downside I can see is that it would appear from the floorplan to have no window in the bedroom, just borrowed light from the lounge. This will be a put off for some people. However, you should still get £665pcm which means that, even if you pay full asking, it will return just short of 6%. Its also bound to have a good long lease but just check the management fees.
3 October 2017
Looking for a ready-made investment? This is an ideal buy to let property with a tenant in situ. The advert doesn’t make it clear if that tenant wants to stay put but even if they don’t this will re-let easily.
Regular readers to my blog know I am a great believer in ex local authority housing for investments. We have several on our books. They let easily and tend to be pretty easy to maintain with few major issues. Tenants love them due to the amount of space and storage.
These can be let to families, sharers or even turned into HMO’s, depending on your preferred market.
If you want any advice about a possible investment, just pop in the office.