This 2 bed modern apartment is for sale in the popular Walnut Gardens development in East Leake for the asking price of £125k. It is on the market with Newton Fallowell and looks to be in decent condition from the photos.
The rental income achievable here is approx £600pcm and at the asking price this equates to a gross
yield of 5.8%. 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 would defintely consider this as a buy-to-let investment as the area is really popular 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 email@example.com