Nicholas Humphreys has the following property on the market for £125k which is definitely worth a look. It is in a popular location and has tenants in situ already achieving a monthly rent of £600. This would give you a healthy gross yield of 5.8% if bought at the asking price.
There are a couple of areas to consider though - firstly the listed status which may affect changes you want to make and secondly the status of the tenancy - it seems the existing tenants are due to vacate in April so it will be empty if this happens and no others are found in the meantime.
http://www.rightmove.co.uk/property-for-sale/property-47472906.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
There are a couple of areas to consider though - firstly the listed status which may affect changes you want to make and secondly the status of the tenancy - it seems the existing tenants are due to vacate in April so it will be empty if this happens and no others are found in the meantime.
http://www.rightmove.co.uk/property-for-sale/property-47472906.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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