5.14% gross yield in Warsash Road, Locks Heath

I have just been casting my eye over the last week’s properties listed for sale to see which had buy-to-let potential and thought that this one looked to be a great opportunity.

Tradewinds

This modern top floor two bedroom apartment is being marketed by Hampton Ivens for £175,000 and is likely to achieve £750 per calendar month in rent.  This gives an attractive gross yield of 5.14%.

Hampton Ivens believe that the owner owns a share of the freehold which should keep any annual charges low.  However details of the charges should be confirmed with the Agent and factored in to your yield calculation to get a true reflection of your return.

This is a lovely block where properties rarely stay empty for long.  The apartments attract good quality professional Tenants.  Taking all this into consideration this property looks a good investment.

Full details can be found here:  http://www.rightmove.co.uk/property-for-sale/property-52292389.html

If you would like any advice on buy-to-let properties please get in touch on 01489 570011 or james.hill@brooklettings.co.uk.

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