Saturday, July 23, 2016

Belvoir Street, £120,000 investment - 5.25% return

There are very few properties coming onto the market for less than £135,000 at the moment - this seemed to be the starting prices for terraces in Melton Mowbray at the moment. So I was pleased to see this one listed by Bentons for £119,950. 

It is a 3 bed and while it is not massive and perhaps lacks a little kerb appeal it is in a popular area and has 3 bedrooms. It looks to be in good condition from the photos and we would easily let this for at least £525 pcm. I like to be conservative when discussing the rent we can achieve, on the day we would be very likely to get more but I believe any investor should have a realistic figure to work out yields.

Image 3 of 11: Kitchen

Image 4 of 11: Lounge/Diner

Image 1 of 11: Front Elevation

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