Hi there fellow bloggers, so lately I have been going a little wild throwing out ideas of grandeur and potentially forgetting that not everyone has millions of pounds to spare? So I decided today to find you something that is a lot more affordable and indeed the perfect start to a portfolio, making this little gem the perfect starting point.
This Studio apartment is up for sale with a guide price of £149,950 with SAB and is situated in a great location, Its close to all the local Cherry Hinton amenities and also close to Addenbrookes hospital and Cambridge Airport making it the perfect property to capture the attention of a local working professional offering a rental of £600pcm giving you an instant yield of 4.8% and its ready to let instantly as its not in bad condition at all.
So now we pop on our thinking caps and think what could be done with this property to increase the yield?
The solution is simple, Put your hand into your pocket and turn this simple studio into a high end compact apartment - give it a high end makeover you will be amazed what 10K could do to this. Take the extra on your mortgage get the kitchen and bathroom revamped and decorate in a neutral yet stylish manor (you cant beat white walls). White walls you say, wont they just get ruined fast? Nope because there so easy to maintain, they make the property look bigger and with the right furniture totally transform a place.
So your total expenditure is now say £160,000 and you have a prestige high end compact apartment on your portfolio which is now renting for £800pcm and offering you a 6% yield not to mention that your apartment has now shot up in value!
For more pictures and information please see the link below:
http://www.rightmove.co.uk/property-for-sale/property-51790591.html
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