Whilst browsing one of my favorite portals for some favorable Leigh on
sea property investments I came across this 1 bed flat set in Leigh road being
marketed Lawrence Anthony for a steal at £100,000.
It may not seem quite as attractive as some of the newly build 1 bed
flats that are more centrally located but bear in mind the newer 1 bed flats
are selling for almost £20,000 more than this!
There are 3 flats in the local area on the market for rent at the moment - the
more expensive of the one @ £695 & £675 per month.
But let's be conservative and assume you can achieve a rent of £650 per
month. That would get you a very respectable 7.66 % yield.
If you install an inexpensive but better looking kitchen you could
achieve the top-end in rent.
The length of lease is OK but if you are considering this a long term
investment you might want to budget for extending that lease at some point.
Remember then sooner you do this the less it costs.
This could be a great way to dip your toe into the buy to let market in Leigh
on sea at an entry level cost for an excellent yield.
Check out the link below and let me no what you think too.
Check out the link below and let me no what you think too.
We regularly help both novice and experienced investors consider their
investment opportunities so why not give us a call on 01702 477754. A
conversation with me won’t cost you anything and if you take just one useful
piece of information away then it will be worth it. Of course I'll do my
best to give you more than one!
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