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.
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!
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