Maisonette Offering 5.3% Gross Yield...

I spotted this one bedroom maisonette this morning whilst looking through the latest property listings on Rightmove. Conveniently situated near to the pedestrian and cycle track which takes you to the train station, this property would be ideal for those commuting Monday to Friday. Similar properties nearby rent for between £550 and £595, depending on internal condition.

http://www.rightmove.co.uk/property-for-sale/property-50556910.html

Cubitt and West have the property on the market at £130,000, so if we assume a mid-range rental figure of £575pcm you are looking at a potential annual return of 5.3%, much better than you are getting at the banks at the moment.

If you would like any advice on buying a property to let, please feel free to give me a call on 01243 887887.