Monday, 27 February 2017

Student property for sale in Loughborough with tenants in situ

This 4 bed student propery is for sale with Haart in Loughborough. It is an end terraced house with a garden in a popular location and apparently has tenants lined up for the next academic year - so you would have little risk and income from day one!

There is no information about the number of students or rental amount for the next year but I would estimate on the conservative side that the income would be in the region of £13000 which would give you a gross yield of 6.5% if bought at the asking price.

Apart from checking the contract for the next year, I would also check on the HMO licence status and whether it complies with the Article 4 legislation. It could be worth further investigation though.

http://www.rightmove.co.uk/property-for-sale/property-55857253.html



If you are interested in talking about this or other potential investments or would like a second opinion on any other properties you have seen, please feel free to call me on 01509 260777 or email me james.loughborough@belvoir.co.uk

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