The Cheltenham and Gloucester Property Blog: 3 Bed Flat - £85K !!! Cheltenham 8.4 % Yield !!!

Friday, 19 September 2014

3 Bed Flat - £85K !!! Cheltenham 8.4 % Yield !!!

I looked at this and thought 3 bed Flat £85K - Must be a mistake! This should rent for around £600.00 PCM as the sales agent say. That's a great return of 8.4%. On reading the advert again, I noticed that this was a GUIDE price and that the agents were carrying out open viewings. This suggests to me that this property will probably go for more than £85K. Saying that, its well worth a look as at £100k will still be a 7.2 Yield.

http://www.zoopla.co.uk/for-sale/details/31469490

The sales agent does not have a lot to say really , probably because they think that this will walk out of the door and they are probably right. Please contact me , if you would like any advice on the rental market in Cheltenham or Gloucester.

Also just to let you know Belvoir are entering the sales market. However this does not mean that I will not be offering free unbiased advise on other agents properties exactly the same as I am now.

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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