This very well presented 2 bed flat has just come on the market with Sure Residential. This would make an excellent buy to let as this is a popular rental area. On the market at £103500 , the selling agents are quoting a rental of £595/£625.... Maybe... at a push but I think a figure of £575.00 is more likely. Even so this will give a yield of 6.6% - Don't forget those monthly service charges though.
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Sure Residential Say - Calling all investment buyers & first time buyers! This beautifully presented two double bedroom purpose built apartment located in a sought after modern but private development with electric gated access offers exceptional value for money. Situated on the top floor with excellent views over looking Gloucester and the surrounding hills, the property consists of an open plan kitchen/lounge - The modern kitchen is well kept and provides many built in appliances, the light and airy lounge is of a good size plus provides a Juliet Balcony. The property also provides two doubles bedrooms, good sized bathroom with electric shower over, plus excellent storage facilities. Other benefits include private allocated parking, double glazed windows throughout plus the property owns the attic space which provides A huge amount of extra storage. Investment - Possible rent £595 - £625 / expected yield 7.5% (only to be used as a guide)
I say that this is worth a look but check out the service charges and build them into you figures. If you would like advise regarding this or any other properties, please contact me on neil.west@belvoirlettings.com
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