Friday, 18 August 2017

Flat for sale in Shepshed, Loughborough with impressive yield

This 1 bed ground floor flat is on the market with Purplebricks for just under £65k. It looks in decent condition and even has a garden and garage!!

It is leasehold but has 93 years left apparently with a service charge of £85 per month and could make an excellent investment property.

Even if you only got £400 a month in rent for this property, this equates to a gross yield of 7.4% if bought at the asking price (and it has been on the market since October so there is a chance of a deal potentially). There is of course leasehold costs to take into account but you would still be left with a decent yield and this could make an excellent addition to a BTL portfolio or for someone wanting to start out on a low budget.

http://www.rightmove.co.uk/property-for-sale/property-49569321.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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