Local property market information for the serious investor

Immaculate 2 bed on Harrowby Street within walking distance to Mermaid Quay

This well presented two bed on Harrowby Street caught my eye today.

It has just come on the market with Martin and Co for £165,000. In a great location within walking distance of Mermaid Quay and the shops, cafes, restaurants and bars it has on offer  I think this flat is actually a bit of a gem. In great condition this looks like a ready to go rental property. Advertised with the agent Martin and Co at £165,000 it is probably a little steep but if you were to negotiate a purchase price I think it would be a good buy to let investment.

So what could this rent for? As a two bed and in a great condition and in a sought after Bay location  you could expect to achieve a  rent in the region £750pcm. Before maintenance and service charges (and based on the asking price) that is a yield of in excess of 5%. Worth a look I think!

http://www.zoopla.co.uk/for-sale/details/39577040

Kate Gwinnutt

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