Halfway through another week and, here’s another hot property THAT WE HAVE JUST PUT ON THE MARKET. This is a really nice example of a EXCELLENT INVESTMENT OPPORTUNITY. Its a 2 bed apartment situated near the Exeter University.GREAT LOCATION but it will need some TLC.
Similar properties in the area are renting for around £750 pcm, for the nice ones, which means, when you compare it against the current asking price of £150,000, you could potentially receive a SUPERB annual gross return of 6%. You will need to bear in mind though, this is a leasehold property, so there may be an element of service charges / ground rent. My door is always open if you want to pop in for a chat about investing in Exeter, my office is on 85 South Street, EX1 1EQ.
Good afternoon everyone, I hope you are all keeping well. We have just been instructed on this property and it could be a great investment property.
It’s a 2 bedroom mid terrace property situated within walking distnace of the RD&E Hospital. The current landlord had the property rented out for £750 pcm. It may need a lick of paint but apart from that it’s ready to go.
The property is currently being marketed at £210,000. The tenants were paying £750 pcm. Therefore, based on these numbers, you could be looking at an annual gross return of 4.2%. The yield is O.K but the I can see CAPITAL GROWTH in this property.
If you would to book a viewing on this place, you better be quick, interest is hotting up! You can contact our sales team on 01392 435 130.
A stunning 1 bedroom modern apartment located in the Exeter City Centre. This property is an excellent buy to let deal. It will be appealing to tenants who are looking for a City centre location which is within walking distance to high street shops, local cafés and restaurants.
This apartment is marketed by Northwood and it’s in EXCELLENT CONDITION, so from a buyers perspective, not much will need to be done to it once you own it.
The asking price is £225,000, a great apartment in the hub of the city centre. Rental wise, you would be looking at approximately £800- 850pcm. If you took the top rental you would be looking to generate an annual yield of 4.5%. If you would like any advice on your investment property search, please do not hesitate to contact me 01392 435 130.
This property has come on the market with Northwood. The property, formally a Cornish unit has been bricked up to more of a standard construction. The property comprises on the ground floor a separate lounge with a log burner, open plan kitchen/ breakfast room with bi-folding doors out to a decked area. The first floor offers 3 bedrooms and a shower room. The property also benefits from gas central heating, double glazing and a garden to front and rear. This would suit a family or anyone looking for an investment opportunity.
The property is on the market at £183,000 and the market rent is £795 pcm, this brings you up to 5.2% annual return.
For more potential good property deals for buy to let purposes, follow this blog as we post a few properties every week that catch our eye.