Small is beautiful - well maybe not to the eye, but certainly to the wallet in this case.....
This ground floor studio apartment is about as cheap as you can buy right now anywhere across the town, but it certainly serves a purpose for a savvy investor looking for minimal outlay and high returns. With a tenant in place right now, income is guaranteed from day 1 (do ask about the rental value and terms of the tenancy), but with the asking price of £90k, a typical rental value ought to be around £550 PCM, giving a handsome 7.3% gross yield here. It may need some internal tidying as there are no photos, but even if it does how much can it take, it is only a few rooms when all is said and done.
I will post what I consider to be the best buy to let deals across Milton Keynes and surrounding areas on this blog 3 or 4 times a week, irrespective of which agent they are being marketed with. Maybe you should subscribe and be kept up to date?
If you are thinking of getting into the buy to let property rental market as a new investor and don't know where to start, or you would like some impartial advice and guidance to get the best return on your investment, call me now on 01908 690700 or pop along and speak to me in person at our offices in Central Milton Keynes.
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