Monday, 22 May 2017

2 bed apartment in popular central Loughborough location for sale

This 2 bed apartment is for sale in the popular Manor Gardens development in the centre of Loughborough with Moving made Cheaper for around £130k. It has however been on the market for a couple of months now so it might be worth a cheeky offer!

Looking at the details, it seems there may be a tenant in situ generating a gross yield of 5.7% which would mean a rent of around £615 per month. You would need to deduct the service charges though which are quite large here. However, from experience these apartments can rent for more like £650 per month and so there is potential to increase the yield depending on the tenancy agreement in place.



These apartments rent very easily and you would not expect any void periods - definitely worth a look.

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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