Perfect investment potential in central Haywards Heath...

Hello all you potential landlords. I was just having 5 mins to have a look to see what tasty little properties have come up for sale over the last few days, that would be suitable for buying to let and I came across this little gem. This apartment is less than a mile from the Haywards Heath station and a short walk to the high street perfect for attracting young professional tenants. 

http://www.rightmove.co.uk/property-for-sale/property-52407520.html

The selling agents are Mansell McTaggart and they have put this property on the market with a price of £155,000. When looking at the potential rental amount you would be looking to achieve on this which would be around the £750 pcm mark, you could be looking at an annual yield of 5.8%. If you include the predicted maintenance charges for 2016 of £1048.37 per annum including buildings insurance the yield is still a healthy 5.1%

If you would like any advice on buy to let, please do not hesitate to contact me, I'm always happy to answer any questions you may have 01444 242059.

WOW! 6.4% yield in the Heart of Burgess Hill?

If you are looking for amazing yields, then this is right up your street! I came across this which looks to be a nice and tidy property, well presented and looked after as well although the bathroom could do with a little updating.

http://www.zoopla.co.uk/for-sale/details/34105297

There is a fairly short lease on this apartment however, so make sure you make inquiries into lease extensions and how much it would cost to do this. It’s not something you would need to do straight away, get some rental income in first and then when you come to sell it, extend the lease then so that you can maximise the selling price.

The asking price of this property is £137,500 and it is marketed with Arington. When you consider that 2 bedroom apartments in Keymer Court rent for around £740 easily, you could be looking at a massive yield of 6.4%.

We currently let many of the properties in Keymer Court, and demand is always exceptionally high when they come to the market.

Also, if you fancy picking my brains at all over a coffee, pop in and we can have a chat; our office is on Keymer Road with free parking opposite the office!

A cracking little Investment property in the heart of Haywards Heath...

Haywards Heath is where it is at this week! This 1 bed ground floor apartment in Gordon Close looks as though it has had some updating done throughout the years, which will save you a job if you decide to buy it! Being only 0.1 miles from the mainline station it will appeal to young professional commuters.

http://www.zoopla.co.uk/for-sale/details/37550720

This apartment is offered to the market by Cubitt & West, with offers over £150,000, which seems pretty reasonable to me. Considering that you would be looking at an asking rent of about £700 pcm, this little property could gross you an impressive 5.6% annual Yield!

If you see something that you like the look of and would like some advice on what the rental amount could be, I will always give you an honest opinion. This is very important in order to base your calculations on and to make sure that the investment will work for you. My e-mail address is steve.boyes@martinco.com

Another corking apartment suitable for buy to let in Burgess Hill...

We are at the end of another week now; Christmas seems like a distant memory now!

This apartment caught my eye; it is a one bedroom with the addition of a garage and allocated parking. It is also only a few minutes’ walk from the station and Burgess Hill town centre. It also looks to be in pretty good condition as well. 

http://www.rightmove.co.uk/property-for-sale/property-56531630.html#


Our friends at Mansell McTaggart have it on at £169,950 and I believe the rent should be around the £725 pcm. So when we do our calculations, you could be looking at a potential gross annual return of 5.1%.

This is again prime renter territory being so close to the train station and Burgess Hill town centre. As the property is leasehold, you would have to factor in the service charges and ground rent as these would diminish the yield.

If you would like to pick my brains on any aspect of buying to let, feel free to call me on 01444 242059.