Latest News For Investors

Month: January 2016

6.5% return !!

I spotted this property on rightmove and thought it was worth a mention.

Currently marketed with Yourmove and looking at the photographs it looks like it’s in good condition.

GUIDE PRICE £110,000 – £120,000. The price seems reasonable for this type of property.  The market rent for this property is £625 pcm. You would be looking at a yiled of 6.5% return.

If you are interested in buying a property for buy to let, but aren’t sure where to start, I would be happy to give you some pointers. My number is 01392 435 130.

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Property of The Week!

Northwood are marketing this superb 2 bedroom mid terrace home situated in the popular area of Alphington. The accommodation comprises of Lounge, fitted kitchen, 2 bedrooms and a family bathroom. The property benefits from a garage, garden, double glazing and gas central heating.

The property is on the market at an asking price of £175,000. Considering that you would be looking at an asking rent of about £695 pcm, this little property could gross you an impressive 4.7% annual Yield!

There are quite a few properties coming to market at the moment, so if you see something that you like the look of and would like some advice on what the rental amount could be, I will always give you an honest opinion. This is very important in order to base your calculations on and to make sure that the investment will work for you. my e-mail address is exeter@northwooduk.com. Address it to either myself Michael Fredriksson/ Gail Barnes or Lianna Pitsakis.

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Exeter Eye Candy of The Week

Afternoon, Micahel here, I am the Manager Director at Northwood in Exeter.

We have just listed a beautifully presented 2 bedroom apartment offering spectacular views across the River Exe. The accommodation comprises of an entrance hall, kitchen, bathroom, lounge/ dining room and shared garage. A particular feature of this property is the large patio terrace overlooking the River Exe and parts of Exeter. The apartment is located near many local amenities including restaurants, shops and cafes.

The asking price for this house is £175,000. This basically means that you will need to pay at least the asking price for it, however even based on these numbers, you could still be looking at a yield of 5.1%, annually.

Have a great weekend.

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