HAPPY NEW YEAR EVERYONE!
My new years resolution – GET MORE DEALS AND INFORMATION OUT TO LANDLORDS / INVESTORS IN CROYDON. What is your’s?
Here is a new years deal for you if your already on the prowl for investment property! Definitely not the prettiest property in the world, but who cares if its going to give you 6.9% Yield!
It is in need of renovation, but that’s always a good thing in the Buy To Let world (bargaining chips). It’s currently on for £245,000, and basing it on the fact that you buy it at that price, you are looking at £1380pm rent on a bad day and £1420 on an average day. In the worst case scenario you will get back around 6.7% yield, but more realistically you are looking at 6.9% return. As we know, anything in these figures is GOOD for Croydon, especially the more news about Westfield’s comes about, the HIGHER THE PRICES WILL GO.
Its on the market now, but as always, we know it won’t be around for long!