Thursday, 18 February 2016

6% yield on a modern flat in central Loughborough anyone?

http://www.rightmove.co.uk/property-for-sale/property-39994824.html



This is a great 2 double bedroom flat for rent in central Loughborough that has been recently refurbished and is up for sale with Frank Innes.

The rental income is likely to be around £575 per month but potentially £600 and the asking price is £115k producing a gross yield of at least 6%. Even if you deduct the service charge you will still achieve over 5%, which in my opinion is pretty good - especially if you take into account these will let really easily and you are unlikely to have void periods.

If you are interested in talking about buy to let opportunities or have seen others you want an opinion on then feel free to call or email me anytime.

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