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.
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