Thursday, 26 March 2015

Leigh on sea - £99,995K - 8.84% yield!! (yes, you have read this correctly...........)

Good afternoon everybody. On my morning check of the market, the following property    not only caught my eye, but made me look again to make sure the price was right!

 It’s a snip!!!!!!!!!!

It’s a one bed detached bungalow in the Rayleigh road in Leigh on sea and the asking price with is £99,995K its on the market with think property in Leigh on sea and As ever, these properties are in constant demand and will let out all day long for circa £725 per month. What’s more impressive,is that it’s been refurbished to a good standard, which again will make it very attractive for the rental market. Therefore, it's good to go from day one!
Now here comes the interesting part….. if we were to calculate the yield based upon a conservative £725 per month, the yield is over 8%, yes 8%! At £725 per month, we now get 8.84% which is a really serious yield!
Check this one out further at 
http://www.zoopla.co.uk/for-sale/details/34975693?



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  or call in and see me at 91 Broadway west in Leigh.

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