The Cheltenham and Gloucester Property Blog: Lloyd Close

Thursday, 7 August 2014

Lloyd Close - Cheltenham 5.3 % Yield

On the market with Adams , 2 bed flat with parking. This has 2 double bedrooms which makes it great for couples and sharers alike. Very close to GCHQ so a good tenant demand here. It is on the market for £122500 and this will rent for £550 PCM , giving a yield of 5.3% . Don't forget those service charges though.

http://www.zoopla.co.uk/for-sale/details/34059963

Adams say:A modern, first floor two bedroom apartment. Available with no onward chain and in good order throughout, this spacious apartment offers a central hall, large living room, two double bedrooms, full bathroom and modern fitted kitchen. An excellent investment or first time buy opportunity.

I think this deserves further investigation. We let a lot of properties in this area and always popular. Do take those service charges in to account though, when doing your calculations.

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I have been involved in the Cheltenham and Gloucester property market since 2005. I have owned and operated Belvoir in Gloucester since 2005 and in Cheltenham and 2008

I have always shared my thoughts on the local property market in Cheltenham and Gloucester with my landlords, but now, with the wonder of modern technology, I want to share those thoughts with everyone in both areas.

In this blog, I will talk about what is happening in the both area's property markets, even looking at specific streets or housing estates in both Cheltenham and Gloucester. At other times, I will post what I consider decent buy to let deals. They could be on the market with us but more likely they will be on the market with other agents in Cheltenham and Gloucester. This will enable me to look at the whole of market and give you, what I consider the best investment opportunities.

There are great similarities between Cheltenham and Gloucester, but sometimes, the property markets can be worlds apart. If you are a landlord or just someone interested in property, I would recommend you look at both places, as it’s always good to compare and contrast the two places.

If you see a potential deal, and want a second opinion, email the Rightmove link to neil.west@belvoir.co.uk or drop into either of our offices on Bath Rd in Cheltenham or Worcester Street in Gloucester. Alternatively, I can be contacted by telephone on Cheltenham 01242 221188 or Gloucester 01452 387334

I will always give you my honest opinion on the property and its investment potential. (both good and bad) .

Neil