The buy to let opportunity from The Falkirk Property Blog
has been on the market for a long time.
The property is a two bed flat, first floor flat in Farm
Street, Falkirk in Bainsford. It has a
large lounge with a dining area, a separate fitted kitchen, two double bedrooms
one with built-in wardrobes and a shower room. It is worth confirming that there is double
glazing, gas central heating and residents parking as these type of blocks of
flats do but this advert for this one does not explicitly say this.
Turning the all important financials. The flat is on the market with Falkirk Homes
Estate Agency for a fixed price of £64,000.
I would expect this property to achieve rent of £475 pcm so when we work
out the annual yield you could be looking at a gross return of 8.9%.
The property has been on the market for some time as the
advert says that the price was reduced on 27 June 2018. This would normally suggest that the owner may
be open to negotiation on price but as it has on the market for such a long
time it may mean that others have tried and failed to negotiate the price
down. However, it is work a try.
I hope you find our posts useful. If you would like some advice with your
potential i
nvestment, please come and see me in our offices (6 Vicar Street,
Falkirk), call me (01324 469840) or email me (robert@thekeyplace.co.uk).
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#ownermanagedbusiness #retirement #retirementplanning #energyefficiency
#privaterentedsector #prs #privaterentedsector #firsttimebuyers
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