After a busy weekend with the family I have been taking a look at recent instructions this morning and come across this great investment property in Warsash.

This one bedroom apartment is being marketed by Beal’s in Park Gate for £149,995 and the great thing about it is that there is already a Tenant in situ.  So no stressing over how quickly you can fill it and none of the up-front costs associated with finding a Tenant.

This block is located off Shore Road in Warsash which is a really popular location, especially with Spring just around the corner, due to the proximity to the River Hamble.

The current Tenant is paying £600pcm which means that at asking price this would provide a decent gross yield of £4.8%.  The Agent does not detail the ground rent and maintenance charges online so you would need to carry out further investigation to find out how much this is going to eat in to your yield.

If you are thinking of investing or are currently a Landlord and would like some impartial buy-to-let advice feel free to contact me on 01489 570011 or at james.hill@brooklettings.co.uk.