Midweek special! This Afternoon i have Just spotted this little gem, we are back Westcliff again for today’s investment. These properties rarely come onto the market and when they do, they’ll make a great addition to an investment portfolio or an excellent starter property for a new portfolio.
It’s just come on the market Last week with Bairstow eves for a price of £90K. Yes, you read right £90K. OK, its ground floor one bedroom apartment, but all of the main principles of an investment property still remain, with one bedroom properties being in great demand. How much are they in demand, I hear you say? Well one bed properties rent for circa £575 to £600 per month in westcliff and last week, Rightmove shows that they had 2324 searches for such a property criteria. So, 2000+ searches, with only 6 properties on the market as of today, confirms their strong demand.
So the demand is strong, what about the rent and yield? Well, if we were to say that the rent would be circa £600 per month, which is on the cautious side, then this would return a decent yield of 7.89%.
Check it out further at
http://www.zoopla.co.uk/for-sale/details/35818250?
Should you wish to discuss any other specific properties or just a general chat re the current market, please feel free to contact me on 01702 477754 rob@castleestsateagentsltd.co.uk or call in and see me at 91 Broadway west in Leigh on sea
No comments:
Post a Comment