Its been over 2 weeks since the UK voted to leave the European Union and a lot a lot of things have been happening in that time (mainly in the house of commons). I decided not to post any property deals until now as I wanted to take a step back and see how the property market reacted to the news, I have gone through Rightmove and Zoopla to see if I can spot any changes or trends in the market. Looking at the new properties that have recently been marketed, then there hasn’t been any change in the marketing price and the sale agreed properties level is also around the average for this time of year. I’ve spoken with several estate agent friends over the past 2 weeks and although they have reported sales falling through due to Brexit, it has only been a very small minority.
I did spot a property that is offering a gross yield of 9.5% that is located in Goschen Street, Old Swan, Liverpool.
The property is available through Entwistle Green in Old Swan for offers in excess of £60,000 and it is a tidy three bedroom mid terrace property that would generate a rental income of around £475 to £495 per month. The property looks as though it’s ready for immediate occupation although the bathroom and kitchen (although currently OK) could do with modernising in the near future.
Old Swan is one of my favourite rental areas in Liverpool (as you can see from the properties that I post) due to the property prices and the quality of tenants that you will attract. It offers many advantages for residents and this always results in a good demand for quality rented properties.
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