I’ve just spotted this apartment that has recently come to the market with Ian Tonge. Its a ground floor apartment which are popular with tenants.
http://www.rightmove.co.uk/property-for-sale/property-44831874.html
Offered to the market at a guide price of £125,000 this sits right on cusp of the stamp duty threshold so could be a good buy if you’re looking to minimise your initial outlay. The rental income you’d expect to achieve would be in the region of £650 per calendar months which is a yield of over 6%! Make sure you do your homework though as there will be service charges and ground rent to pay which will eat into your yield.
For any advise relating to this or anything BTL related do give me a call on 0161 442 1118.
