Buy to Let in Stechford with a 7.8% Rental Yield

Posted on Apr 12, 2016 |
Buy to Let in Stechford with a 7.8% Rental Yield
I have just found what seems to be a very good investment property and due to the fact it has a 'Public Notice' on the advert I imagine the Agents are selling on behalf of the Mortgage Lender.

The current Public Notice is at £80,000 and if purchased for this figure it has the potential to offer a healthy 7.8% yield.

I would anticipate a refurbishment cost of approx £15,000, however due to the fact I cannot see the condition of the Kitchen, I would allow £20,000 to get the property to a good standard (anything under is a bonus). I would look to market this property on the rental market for £650 PCM.

Once refurbished the property located on Giles Close in Stechford would sell in the region of £120,000, so not only would it be a healthy return on the rental side but it will also give you equity in the property.

If this is a property that ticks the boxes for you then I suggest you contact Prime Estate Agents in Castle Bromwich and arrange a viewing as a matter of URGENCY.

Should you wish to discuss any investment property please do not hesitate to contact me on 07540 462 033.

Kind regards

Paul Partridge

http://www.rightmove.co.uk/property-…/property-38402397.html