Friday, 28 July 2017

Modern ground floor flat for sale in Loughborough

This modern ground floor flat is for sale in a great location in Loughborough that would make an excellent investment property. It is close to the town centre and the university so you are unlikely to have any void periods here.

It is on the market with Nicholas Bonfield for £105k and has been since May so there may be a deal to be had for a cash buyer! From the advert, it is not clear what the rental income is because it talks about £500 and £575pcm. If we take a mid point of £540, which is defintely achievable, the gross yield you would achieve is over 6% at the asking price. Even when you take into account the service fees, the retuen is still healthy and certainly worth considering in my opinion.

http://www.rightmove.co.uk/property-for-sale/property-60168589.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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