The Cheltenham and Gloucester Property Blog: One Bed Flat - Cheltenham

Friday, 12 September 2014

One Bed Flat - Cheltenham - 5.7 % Yield

I have just seen this well presented flat on the market with The Property Centre, on the market for £120K and should rent for around £575 PCM. Looks great, allocated parking and a popular area. This should give you a yield of around 5.7%. As with all leasehold properties, you need to check out the term of the lease and the management charges.

http://www.zoopla.co.uk/for-sale/details/34489629

This is what The Property Centre have to say: Potential Rental Income Of £575 pcm. A ground floor apartment located in the popular area of Battledown Estate. An ideal investment or first time purchase benefiting from allocated car parking. The accommodation comprises open plan living room, fitted kitchen, bedroom and bathroom.

I think that this is worth checking out and if you need any advise regarding this or any other property, then please contact me at neil.west@belvoirlettings.com

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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