The Cheltenham and Gloucester Property Blog: 7.3% Yield ! Dont Hang Around

Thursday, 9 April 2015

7.3% Yield ! Dont Hang Around

This 3 bedroom terrace is on the market with The Property Centre. They say that it needs some updating. It is on the market for offers over £90k. Say you got it for £95K , spent £20k , thats a total investment of £115K. Not bad for a 3 bed house!

http://www.zoopla.co.uk/for-sale/details/36438851

I agree with the Property Centre that you could let this for £700 PCM , which on an investment of £115K is a yield of 7.3 % . Thats pretty good in anybodys book. Get on to the agent now and check it out as this will not be around long. If you would like advice in this or any other property please do ask me.

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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