A Sunday Treat in Solihull Lodge offering a potential 5.29% rental yield

Posted on Jan 31, 2016 |
A Sunday Treat in Solihull Lodge offering a potential 5.29% rental yield
Whilst the kids are enjoying watching a Sunday Afternoon film, I am carrying out my daily search on rightmove looking for any decent Investment properties for you Investors.

I have found what appears to be a decent Investment located on Kilcote Road in Solihull Lodge. This is being marketed by John Shepherds with an asking price of £168,000.

This property has been on the market for a couple of weeks and in need of modernisation. I would recommend an offer of £162,000 and allow approx £8,000 to tidy up the property taking the total to £170,000.

I would expect to achieve a rental income of £750 PCM on this house once the modernisation has been completed offering a rental yield of 5.29%.

If this property is the same as all of the other properties I have recommended then do not hang around, it will go fast....

Pleased to say that following my most recent post, one of my Investors went ahead and had an offer accepted with DM & Co on Ellsworth House in Solihull. This will be coming to the rental market with Partridge Homes very soon....

Should you have any property related enquiry or would simply like a second opinion on any Investment property please call me on 07540 462 033.

Paul Partridge