We recently published a ‘Vlog’ about a studio flat in heaton moor which would be coming to the market that we’re really excited about. It’s not often you get an opportunity to purchase a central Heaton Moor flat for less than £100,000!
In the video Julian explained the potential of converted the flat to a one bedroom to improve the rental income to around £600 per calender month. Assuming the property is bought for £80,000 this works out at a yield of 9%! Well above the average yield for the area.
In my opinion this is one of the best buy to let opportunities that has come available in The Heatons for a while if you consider the potential yield on offer. Obviously you’ll need to consider any service charges and ground rent.
For reference see below a link to the original video outlining its potential.