Ground floor maisonette in Locks Heath with 4.58% yield

Primrose Way

I have been out this morning enjoying the beautiful sunshine on the Costa Del Locks Heath and drove past this property that has just come on to the market with Chimneypots. It is listed for (offers in excess of) £190,000 and has the benefit of being ground floor and having a south facing garden.

The property should let at around £725 per calendar month and with only minimal peppercorn rent to pay (no management company or monthly service charge) this gives an attractive gross yield of 4.58%.  The maisonette has been upgraded internally and has a lovely modern kitchen and bathroom so there should not be much to do to present it to the lettings market.  Tenants do love a modern kitchen and bathroom so I would expect this one to let in a matter of days.

Full details of the property can be found HERE.

Leave a comment