I have just been taking a look at the latest properties to come to the market with buy to let potential and come across this one.

This one bedroom maisonette in Pimpernel Close is on the market with Beal’s Estate Agents in Park Gate for £152,500.  The projected rental income is around £625pcm so purchased at asking price this would give an attractive gross yield of 4.92%.  The property is leasehold and the Agent doesn’t specify any ground rent figures online so this should be checked.

The property looks in good order with a modern kitchen and bathroom so the cost of preparing the property for the lettings market looks minimal.  There is allocated parking and a rear garden which sets it apart from one bedroom flats in a block and would be a plus point for prospective Tenants.

Full details of the property can be found HERE.

If you are thinking of making a property purchase and would like my opinion on projected rental figures and lettings potential please feel free to EMAIL me the details or give me a call on 01489 570011.