Belvedere - 3 bed - with a potential yield of 9.4%
Today I’ve spotted an interesting find in Belvedere. It’s a 3 bedroom maisonette on with Apex Residential with offers invited in excess of £175,000. At first glance this doesn’t seem to be very attractive, however, look closer and there is great potential. For argument’s sake let’s say you purchase this property for £185,000 (remember the sellers are asking for offers in excess of £175,000); with the potential rent of £950pcm you would be looking at a yield of 6.16%, which is pretty healthy. But what really caught my eye was not only the property’s close proximity to Belvedere Train Station but that it has 3 bedrooms – all with en suite shower rooms! This makes it an ideal house share, buy to let. Also benefitting from 2 reception rooms, with some minor alterations, you could be renting out 4 rooms at around 450pcm, inclusive of bills, each. Take out your costs for utilities and your left with around £1,450pcm. At a purchase price of £185,000 you’re reeling in an amazing ...
