'This one bedroomed apartment is situated on the popular Stoke Grange development and would make an ideal first time buy or buy-to-let investment. With the benefit of being offered with no upper chain the property is ready to move in to. The accommodation includes lounge, kitchen, bathroom and a double bedroom. Outside there are communal gardens and reserved parking.'
This really is a good property, ready to go, likely need some new carpet in the bedroom but that is all. Should let readily at £625.00 pcm giving a gross yield of 4.5% from an asking price of £164,950. Great location for tenants and not much this side of town that is affordable at the lower one bedroom end of the market.
If you could get a little off the sale price and push the rent to £650pcm yield soon goes up to 4.75%.
The rental market continues to be strong, if you are just starting to build a portfolio this is a good entry level property to get you started or a good one to add to an existing portfolio.