Wednesday, 31 August 2016

Modern apartment with high yield for sale in central Loughborough

This modern apartment in Loughborough could be a great addition to a portfolio or the perfect start for a new Landlord. It is modern, in a central location and with experience I know these rent very well with good rents, tenants and minimal void periods. We manage several in the same block and this onle looks like a really good buy. There are 2 bedrooms, designated parking, secure gated access and lift access to all floors. There is a service charge according to the details that amounts to around £1100 but the lease term is very long at 988 years apparently!

Although the service charge is high, you should be able to rent this quite easily for £650 per month giving you a gross yield of around 6% even with the service charge deducted! It is on the market with John German and would not expect this to be on the market for long.

http://www.rightmove.co.uk/property-for-sale/property-53716633.html






If you would like to chat about this or want a second opinion on any other properties you have seen then feel free to call me on 01509 260777 or email me at james.loughborough@belvoir.co.uk

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