This 2 bed modern flat is for sale in a popular development in Syston for the asking price of £120k. It is on the market with Belvoir Loughborough and there is a long term tenant in situ who wants to remain in the property if possible. This of course is excellent news for any invenstor because income will be coming in from day 1.
The rental income is £575pcm at the moment and this represents a gross yield of 5.8% at the asking price. There is a ground rent and service charge to take into account but despite these, the return is still healthy. The lease still has 115 years remaining on the initial 125 year lease too which is great news.
I think this is definitely worth a look as modern flats rent very easily here and you are unlikely to have any void periods.
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 firstname.lastname@example.org