*** BUY TO LET INVESTMENT *** TENANT ALREADY IN PLACE AND SETTLED IN THE PROPERTY ***POTENTIAL 12.59% GROSS RENTAL YIELD RETURN *** INCOME GENERATING FROM DAY ONE *** PURCHASE WITH AROUND £35,000 INITIAL INVESTMENT WITH THE BALANCE ON A BUY TO LET INTEREST ONLY MORTGAGE ***
*** FIRST FLOOR APPARTMENT *** TWO BEDROOMS *** PARKING ***REFURBISHED BATHROOM ***
This PROPERTY is currently tenanted on a standard AST (Assured Shorthold Tenancy) at an agreed rent of £625 PCM. For that reason, the property is only available to property investors looking to acquire a BTL (Buy To Let) investment property. The current rent means that this property returns a healthy 4.65% PA gross yield return which could be improved even further if purchased using a BTL mortgage of up to 75% of the purchase price.
Using a BTL mortgage, an investor could purchase this great investment with around a £35,000 cash investment with the balance amount taken on an interest only mortgage. This is an excellent chance to easily acquire a hands off investment that is income generating from day one due to having an existing tenant who is already settled in the property.
The property briefly comprises of an entrance hall, open plan living area with designated kitchen area, lounge area and dining area. There are two good sized bedrooms with the principal bedroom being complemented by an ensuite and a family bathroom. The ground rent and service charge on this apartment total around £1,227 PA.
EPC Rated - C
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||Large Family Room