I was just taking a look at the latest potential buy-to-let properties coming to the market in the last couple of weeks and came across this little gem.

This modern two bedroom apartment is located in Locks Road in Locks Heath within easy reach of the Locks Heath Shopping Village and Waitrose store.  It has two double bedrooms meaning it will appeal to the mass audience and it’s modern feel would attract professional Tenants.

The apartment is being marketed by Robinson Reade for £170,000 and should achieve a monthly rent of around £750.  Usually with flats and apartments there is a sizeable deduction from your annual income to be made for ground rent and maintenance charges. But with this property the management company is resident-run and the annual charges are kept at a very low £700p.a.  A quick crunch of the numbers reveals a healthy net yield of 4.88%.

Built in 2002 and looking from the marketing photos to be in good order there appears to be minimum spend required in order to get the property prepared for a Tenant.  This makes this particular property an attractive investment opportunity.

Full details can be found here:  http://www.rightmove.co.uk/property-for-sale/property-36892203.html

If you would like any advice on buy-to-let properties please feel free to contact me on 01489 570011 or at james.hill@brooklettings.co.uk.