Type: For Sale
Price: £ 8500
Price Includes: Legal fees, Agency commission
Rental Status: Vacant
Expected Rental Income: £ 3,600 PA
Gross Yield: 40 %
Requires refurbishments. One bedroom apartment. Costs of refurbishment circa £ 2k – 3K. Once complete will generate an income of £ 3,300 – £ 3,600 per year. Still a return well over 30 % after factoring in all purchase and reinstatement costs. Local agents are on hand to manage the property on your behalf. Also, we have builders on site to complete the necessary works required. Typically you’ll be getting a good sized bedroom, a good sized lounge, bathroom and kitchen.
Property Value Increase: 16 %
(2014 – 2019)
Terms: Deposit to reserve this property, £2000 (refundable, if not happy before completion)
First come First serve.