investment opportunity to be sold at auction

Edward Mellor have released details of a two bedroom ground floor flat which is to be sold at auction on 26th October which would be an ideal buy-to-let investment.

http://www.rightmove.co.uk/property-for-sale/property-56411311.html

If yield is the most important factor for you when considering an investment this property will not disappoint, the guide price of £60,000 would return an eye watering yield of 11%!! £550 per calendar month is the expected rental return if the flat was improved cosmetically. It is well worth doing your homework on these flats before diving in with a bid on the 26th, check that the flat will be sold with vacant possession, length of the lease and perhaps most importantly if and how much any service charges/ground rent is as this will eat into your yield.

If you’d like to discuss this in more details, don’t hesitate to contact myself or my fellow blogger Julian on 0161 442 1118.

Hassan Mahmood

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