Now, this block
may not be pretty and internally the property could do with updating however, it’s
in a great location and offers plenty of space so for letting purposes would be
a great property. The Selling agent have priced this up at £875,000, and based
on the condition perhaps there maybe some movement on the this figure – well if you
don’t ask you don’t get! We have rented a similar property in the block for
£700 per week in good condition. So with this one, you could be looking at an
annual return of 4.1%! (gross - this is of course not taking into account any
service charges or ground rent that may be due. You should always look into
this before jumping into any investment).
Not too shabby for
an ugly duckling.
I hope you find my
posts useful, if you see any other properties that you are interested in and
want an idea of what they could rent for, feel free to send me through the link
to the property details on line. I will cast my eye over it and give you my
honest opinion. My e-mail address is Benjamin.draper@martinco.com
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