Monday, 13 February 2017

Three flats for sale in Loughborough with tenants in place generating excellent yield

This is an interesting opportunity to buy a property that has been split into 3 self contained flats with a total square footage of over 3000 sq ft. There is a 1 bed, 2 bed and 3 bed and one even has a garden apparently! After some digging, I have found out that the rental levels for the flats are £320pm for the 1 bed, £460pm for the 2 bed and £520pm for the 3 bed which equates to a yearly income of £15600. This has been on the market according to Rightmove for over 16 months (since September 2015) and so there is potential I would think for a deal here.

Having said that, even if you bought at the asking price, the gross yield you would achieve is 6% which is pretty healthy and you would also have a flexible property in a popular location that should rent well.



http://www.rightmove.co.uk/property-for-sale/property-54869864.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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