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Wednesday, 3 June 2015
Buy to Let, Madam!
This week I would like to talk about a property we have taken on to sell that
offers a very good investment opportunity to a buy to let investor.
A two bedroom flat, around 6 years old, on
offer at £135,000.00 that would rent out at £650 per month and show a 5.77%
return if you purchased for cash.
has allocated parking and with the current demand
for good quality flats being very high this will not hang around for long (to rent or to buy!!)
The perfect armchair investment and even if you put down a 25% deposit and
borrowed the remainder on a buy to let mortgage (currently available at from
2.49%) you could expect to make nearly 10% return on investment after taking
into account all expenses. Please
refer to our Buy to Let spreadsheet available from our office to work out
figures for different properties. Call us to arrange a viewing.