Today’s buy to let opportunity from The Falkirk Property
Blog offers an impressive potential rental yield of 9.5%.
The property is a two bed upper flat in a 4-in-a-block
property Merchiston Avenue, Falkirk. It
has a large lounge, a separate fitted kitchen, two double bedrooms and a shower
room. In addition, it has double glazing
and central heating as well as a garden to the rear and on-street parking.
It is worth highlighting a few points. The property looks in excellent condition internally
– I suspect that it has recently been refurbished – but the garden could do
with a wee bit of TLC. The property is
an upper flat which is attractive to some but not to others. Finally, the flat only has a shower which
puts some people off, especially families.
Taking a look at the numbers. The flat is on the market with Nest estate
Agents for offers over £55,000 so let’s say it goes for £60,000. I would expect this property to achieve a rent
of £475 pcm so, when we work out the annual yield, you could be looking at a potential
gross return of 9.5%. This is a very
healthy yield which reflects the more limited capital growth likely for a
property of this type.
I hope you find our posts useful. If you would like some advice with your
potential investment, please come and see me in our offices (6 Vicar Street,
Falkirk), call me (01324 469840) or email me (robert@thekeyplace.co.uk).
#falkirk #property #buytolet #realestate
#ownermanagedbusiness #retirement #retirementplanning #energyefficiency
#privaterentedsector #prs #privaterentedsector #firsttimebuyers
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