Hi everyone
thought I would point this property out to you. I came across it in my daily
trawl of the property websites and thought it looked interesting. It is located
in Hoblands so it is perfect for the Princess Royal hospital and has recently
been added by Holroyd.
It seems like quite a nice example of a house in this area, quite modern, fairly decent size with allocated parking, all good plus points for a potential tenant. The asking price is £159,995, which seems to be fairly consistent with similar properties in the area.
Have a look at the details for this property on the link below:
With regards to the rental side of things, we have just rented a similar property for around the £725 pcm mark. So, when we do our little calculation on what the expected yield could be, this brings us out with an annual potential yield of 5.4%.
Now, the details of this property do state that it is leasehold and there is only 66 years remaining on the current lease. So, make sure you know what provisions are in place for renewing before you get too excited!
As always, my door is open for anyone who wants to chat about buying to let and looking fora advice on rental amounts and best locations. Our office is on Keymer Road, if you fancy popping in for a chat over a coffee!
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