Refurbished Apartment Boasting over 6% Yield!

Listed For Sale less than a week ago is this newly refurbished one bedroom top floor apartment with an estimated gross annual rental yield of over 6%!

The apartment has just been refurbished, therefore a tenant could move in very quickly with little expense to the future Landlord. It boasts a double bedroom, security entry phone and a very reasonable 442 sq ft, this would rent incredibly well.

Looking at similar properties in the area, I would expect this apartment to achieve at least £575 per calendar month, meaning an annual gross return of nearly £7,000! At the purchase price of £110,000, it would return a gross yield of 6.3%.

There is a ground rent of £23.00 per annum and the current service charge is £51.41 per calendar month, meaning the Net Yield is around 5.7%

The property can be found online HERE.

For more Buy to Let Investment opportunities and advice, connect with me on LinkedIn HERE or contact me on 0161 442 1118.

Daniel Biddle

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