Happy New Year to you all!

I hope that your new year’s resolutions involve investing in some buy-to-let property!

I was just checking what new instructions there have been since Christmas and came across this flat in Whiteley.

This two bedroom first floor flat has just gone on the market with Alexander Keen Estate Agents for £169,950.  It has two parking spaces and gas central heating which are big plus points for potential Tenants, and with the shops and restaurants in Whiteley just a short distance away this property would have good appeal.

There are no internal photos online so I cannot comment on the condition of the property so airing on the side of caution a rental income of £725 per calendar month should be achievable.  The management charges and ground rent is estimated by the Agent at £1,075 annually.  Even taking this into account a quick calculation reveals a decent yield of 4.49%.

Full details of the property can be found HERE.

If you are thinking of investing in a buy-to-let property in 2016 I am always available to give you my unbiased view on any potential purchase.  Feel free to get in contact on 01489 570011 or at james.hill@brooklettings.co.uk.