25 January 2015

Property investment of the week with an amazing 7.6% Yeild

Now I don't usually go this high in sale price but looking through Rightmove and Zoopla today I have come across this little gold mine and felt that this is certainly the one to share with you guys.

This extended end-of-terrace house is on the market with Tucker Gardner with a guide price of £650,000 and has been significantly updated and improved, not only this it has recently been decorated meaning that it's ready to let instantly.
Unlike most other properties of multiple occupancy, this one has been regularly maintained, cleaned and looked after by its occupants. This registered HMO could be further extended, subject to planning in order to expand the tenancy of the property and increase the rental yield further still making this the perfect investment.

With this properties expected rent of £4,150 pcm, against the purchase price of £650,000 you are looking at an annual return of 7.6% and that is if you pay the full asking price and before any extensions - imagine what you could be achieving?

http://www.rightmove.co.uk/property-for-sale/property-32806479.html?premiumA=true

 
 

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