Tuesday, 5 April 2016

Modern investment in Shepshed, Loughborough

http://www.rightmove.co.uk/property-for-sale/property-53662978.html



This modern 2 bed flat for sale in Shepshed looks like a good buy to me - it looks to be a good quality finish with designated parking, good length lease and reasonable service charges. It is on the market with Moore and York at the moment and I understand has a tenant in situ making it even more attractive!

The rental income is £495 per month (which I think has potential to be increased in due course) which would give you a gross yield of 6.1% if bought at the asking price. Even if you deduct the leasehold service charges and ground rent from the rental income, the gross yield is still a healthy 5.2% and dont forget - this is at the asking price and for the current rent.

If you want to discuss more about this type of opportunity then please contact me 01509260777

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