Now this is an interesting one, partly because I’ve never let on this street, nothing wrong with its just that nothing has ever come up. That said I have let just round the corner.
The property itself https://www.zoopla.co.uk/for-sale/details/44487825?search_identifier=7cb33be6e184f1819a0b5f8184bf447d#wlHIcTD3EKqrqFjU.97, is being marketed by our colleagues at Remax.
It looks to be in excellent condition and so does the block with secure entry and parking, modern interior that seems to have been tastefully renovated throughout. All within a short walk of the city centre.
At an asking price of £75,000 and a projected rent of lets say £425 (though I would hope for higher), that’s a gross yield of 6.2%. Capital appreciation in that post code has been running at around 8.5% over the preceding 5 years, however I would expect properties like this to do better.
My only concern is the EPC which is an E, I would want to look into that more closely to see how much it would cost to bring that up to a D in the medium to long term as that is what the upcoming legislation is likely to require.
Nevertheless I do like the look of it.
