I’ve come across a nice two bedroom ground floor flat that is available for offers over £55,000 through The Express Estate Agency.
The property comprises of front garden, porch, lounge leading to rear garden (decent size), kitchen, two bedrooms and shower room.
The property is in a decent condition and would only need a small cosmetic works to be done as well as tidying the rear garden.
I would estimate that you would achieve between £450 – £475 per month due to the location and garden. If purchased for around £55,000 then this would work out as a 10% gross yield.
I’ve nearly purchased through this company and the reason the price of the property is low is because the purchaser has to pay the selling agent a purchase fee to the agent of a couple of thousand pound. It was a very long time ago so I’d look in to this more if you were interested in this property.
Overall, the property is in a good position, is ground floor with a garden and would be ideal for a mature long term tenant.
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