An ideal 2 bed apartment for the Buy-to-Let investor available now,
This week I have picked out a good 2 bedroom apartment in a popular development that is currently on the market with an offer of £110,000 and would make an ideal investment for a Buy-to-Let landlord.
Watling Gardens was built in 2006 when this apartment was purchased for £179,995. The value of these apartments dropped considerably in 2007/08 at the start of the recession, but have recently shown positive signs of improvement with property values in this area climbing 2.6% in the last year and 9.7% higher than in 2008
A similar 2 bedroom apartment in Watling Gardens was sold in January 2013 for £121,500.
As a Landlord or investor you will be interested in the rental figures. 2 Bedroom apartments in Watling Gardens will easily rent for between £650 – £695 depending on condition and configuration. If they achieved these figures they would give the buyer a base rental yield of 7 – 7.6%. With the potential for good capital return and a lease length of 117 years remaining this will soon be gone.
The base rental yield does not include Ground rent and service costs which are unique to each development.
If you are thinking of purchasing an investment property and would like some free and impartial advice please call or visit our shop where we are only too happy to help.
