3 deals on one day! I’m on fire! (again!). The things I do for you Investors!
Marketed by Northwood Agents, this property is bringing in a 6.62% yield. IT IS NOT A PRETTY PROPERTY. Do you care? NO! Does it make you money? YES.
Drawbacks of this property from initial outlay… it has a short lease of 68 years. Expect to pay around £10,000 if you want to extend that to 99 years. Also expect to take £10,000 off the asking price for that.
It’s above a shop, so rents will be slightly lower, but I have accounted for that in the figures below:
Purchase price: £145,000 (or £135,000 and £10,000 for the lease extension).
Rent: £800pm (all day long!!)
Happy wallets for everybody!
I can give a lot more advice and tips on buying these properties. Please feel free to give me a call for a friendly chat about nothing or about property! 0208 133 6431.