This is not the usual investment opportunity that I put on my blog but if your looking to start a portfolio with a few properties then why not have them all together?
This attractive terrace of 4 houses which is up for sale with Bradshaw/Carter Jonas with a guide price of £2,600,000 provides 20 rooms which are situated very close to the railway station and boasts a private rear garden. This property is currently used as halls of residence for graduate students so is ready to be let instantly as all requirements are already met.
Situated in an excellent central location very close to the railway station and many city amenities, this well maintained run of four almost identical properties extending to a total of 4,908 sq ft would make a great start or boost to any property investors portfolio.
The properties were built about 12 years ago to a good specificationm with double glazing, gas fired central heating and Telephone and TV points in most rooms. To the front of the properties is a small garden area with dwarf wall and railings which leads to the front doors and entrance halls beyond making them low maintenance and perfect for working professional sharers or students meaning an abundance of potential tenants and an average market room rental of £550pcm.
So doing my maths based upon letting this property straight away in its current condition which isn't bad at all you would potentially earn £550 x 20 = £11,000pcm giving you a yield of 5.1%
For more pictures/brochure etc please see the link below:
http://www.rightmove.co.uk/property-for-sale/property-55360088.html
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