Friday, March 25, 2016

Ex Authority property offering 6% return

This 3 bed is on the market for £ 109,950 with Richard Watkinson on West Avenue in Melton Mowbray.

The details state the property is in need of upgrading however it is a large three bedroom property and although it is ex-authority it is the type of property that would provide an investor a good yield. 

I am always cautious when it comes to investing in ex-authority properties (see my article on the blog yesterday - 24th March) however this street has always let well as it backs onto the Defence Animal Centre horse paddocks. 

3 bed properties like this can go for £600 pcm + if they are in good order so even if £10,000 was spent on the property it could see a potential yield of 6%

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