Wednesday, January 6, 2016

Proven 5% return on this town centre garden flat in Melton Mowbray

This ground floor, 1 bedroom flat is within walking distance of the town centre, and is in good condition.  Refurbished a few years ago, it is situated within a period conversion and has the added benefit of a garden.

Currently let out to a tenant at £395 pcm, it would see a return of around 5%.

The property is being marketed by Connells, and is listed as freehold.  I would say this requires some investigation before a purchase is made, as this is very unusual for a flat.

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