*** BUY TO LET INVESTMENT *** TENANT ALREADY IN PLACE AND SETTLED IN THE PROPERTY ***POTENTIAL 16.25% GROSS RENTAL YIELD RETURN *** INCOME GENERATING FROM DAY ONE *** PURCHASE WITH AROUND £30,000 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 £650 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 very healthy 5.56% 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 £30,000 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 comprises of an entrance hall, lounge, breakfast kitchen, two bedrooms and a bathroom. Outside there is an allocated parking space. The ground rent and service charge on this apartment total around £1,126 PA.
EPC Rated - C
Leasehold Read more
|Modern first floor two bedroom apartment
||Currently rented at £650 PCM (£7,800 PA)
|Excellent buy to let investment with a gross rental yield return of 5.56%
||Invest with around £30,000 cash using a BTL mortgage
|Already tenanted and managed by Chelton Brown
||Modern apartment walking distance to town centre
|Recently newly redecorated throughout
||Kitchen appliances included