Monday, May 16, 2016

7% return on £50k investment in Melton Mowbray

We have recently let a bedsit in this block for £295 pcm and while I was undertaking the photographic inventory I realised that the bed sit across the corridor was still for sale. 

It is on the Market for £50,000 with Harrison Murray. It was first listed in May 2015 and looks from the pictures to be in good order. Even if it requires a new carpet and a little updating it is not going to be a big expense. 

I think it would let easily for £295 pcm and this would see a potential yield of 6.4% if purchased for the asking price.

Image 1 of 4

Image 2 of 4

Image 3 of 4

No comments:

Post a Comment