Afternoon
all, and happy Friday! I was just having a look to see what properties have
come up for sale in the last week that would be suitable for buying to let, and
I came across this little gem. This apartment is on Mill Road in Burgess Hill, and
less than half a mile to the station and high street.
The
only small area of concern with this particular property is the bathroom, the
suite looks a little dated, but nothing really to worry about.
The selling agents are Duffy and Company and they have put this property on the market with an asking price of £182,950. When you look at the potential rental amount that you would be looking to achieve on this which would be around the £795 pcm mark. You could be looking at an annual yield of 5.2%. This is of course before you take into account any service charges or ground rent, but the beauty of this one is that they are very low at less than £600 per annum. With the length of the lease still being over 900 years I would suggest this would make a sound BTL investment.
The selling agents are Duffy and Company and they have put this property on the market with an asking price of £182,950. When you look at the potential rental amount that you would be looking to achieve on this which would be around the £795 pcm mark. You could be looking at an annual yield of 5.2%. This is of course before you take into account any service charges or ground rent, but the beauty of this one is that they are very low at less than £600 per annum. With the length of the lease still being over 900 years I would suggest this would make a sound BTL investment.
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
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