Friday, 5 July 2013

Smart property in Shepshed. Over 5% yield.

 
This very smart 2 bedroom property in Shepshed has just come on with a local agent. Properties in this area let well and it is now a well established and very attractive residential area. Access to local transport, schools and ease of access to the M1 are all contributing factors.
 
With rents in the region of £525+ pcm unfurnished this property will attract 5.25% yield or higher. The asking price is £120,000 so if a favourable deal is available then a higher yield can be achieved.
 
This type of property is at the opposite end of the scale to a refurbishment as it appears to require little if any work and looks very well cared for. If this is the case it could make a good 'hands free' investment purchase for a landlord who wants minimum hassle or involvement.


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