Having read the title I can hear you now, “has he lost the plot”, “been at the rum over lunchtime”. I know this is not the most popular part of the City and its also non standard construction, oh the horror.
But bear with me for a minute. The reality is you can pick what looks like a tidy two bedroom maisonette up for £32,000 http://www.tspc.co.uk/details.asp?id=116290 this one is being offered by Thorntons and seems to be in pretty good shape, if I had one criticism its that I’m not personally keen on ground floor apartments. Look at the positives, obviously the price but also the block and surrounding area is factored and in my experience quite well. Now I’ve got landlords with property there and if your just looking for a rental return its hard to beat.
I would estimate your rent at (and lets be conservative) £340 per month, that’s 11.68% gross yield. Try getting that from your bank or building society at the moment. If you don’t need a mortgage its got to be worth thinking about.
