Having a little browse earlier today and I have come across this gem of an investment, especially if you are a first time landlord, as it looks immaculate judging by the photographs and they rent out so easily. It also has no upper chain which is a bonus!
On the market for £125,000 it’s a great price and you could get a return of 5.8% per year if you get the rent I would expect you to achieve which is £600.00 pcm.
Marketed by Purplebricks.com the accommodation comprising; entrance hall, a spacious living room,modern fitted kitchen, bedroom and a bathroom.
This could make a good buy to let investment (subject to details on the lease and service charges). The property doesn’t look in bad condition although a modest amount of updating probably wouldn’t go amiss. In terms of yield at the top end around £650pcm should be possible. At the asking price of £119,500 this would give a gross yield of just over 6.5%.
My suggestion would be to give the selling agent a call, find out the missing details re the lease and the service charges but potentially make an appointment to view as on paper this looks like it could work well as a buy to let investment. I believe that the charges in this Windsor Quay development are quite reasonable compared to the newer developments.