Monday 20 July 2015

INVESTMENT OPPORTUNITY - STUDENT LET - POTENTIAL OF +7% YIELD

INVESTMENT OPPORTUNITY. It’s not too often that you will hear me harping on about one of my own properties for sale, but this one is too good an opportunity to miss!

We have just placed the property on the market this morning and as we have also handled the management of the property for the past four years, we know quite a bit with regard to its ‘rent-ability’, plus the important yield!

For starters, the properties location is superb and we have a regular queue of students looking to rent this property when placed on the market. The monthly rent is £1360 per month, which equals £14960 per annum (based upon 11 months’ rent, i.e. 12 month Tenancy with half rent July / August). Based upon these figures, the property would deliver a yield of 5.65%.

Now for the interesting part………………… to the front of the property is a garage, which could be (subject to planning permission) transformed into a bedroom, offering FIVE BEDROOMS. How do I know this? Well, we also manage the property next door and that’s exactly what the Landlord has done!

So, let’s now do the maths on the 5 bed configuration. This would then offer a monthly rent of £1700 per month, which equals £18700 per annum (based upon 11 months’ rent, i.e. 12 month Tenancy with half rent July / August). Based upon these figures, the property would deliver a cracking yield of 7.06%.

Check the property out at http://www.martinco.com/property/for-sale/202621 and give me call for further details.

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