Found this (slightly bigger) property that is showing some good figures this morning, looks to be in good condition, great location and will easily rent out with the correct Agency behind it.
Marketed by Paul Meakin Estate Agents, Sanderstead, they have the property on for:
Asking Price: £270,000
Rental Price: £1350pm
Yield: 6.00%
Remember, as an investor, you make your money when you buy the property. Saying that, you could try and push your luck on this one and put an offer in at £250,000 (then later say £249,999) with the reason saying that the Stamp Duty threshold at £250,000 does not make this worthwhile. Worth a try ey! Even a £10,000 reduction will help with that yield a good amount bringing it up to 6.23%
http://www.rightmove.co.uk/property-for-sale/property-33933669.html
If you have seen other properties and need a second opinion on them, investment or just want a quick chat, feel free to give me a call on 0208 133 6431.
