Investors wanted...

By Jonathan Bailey

Investors wanted…

The opportunity has arisen for an investor to purchase this ideally located one bedroom property close to the university and an ideal rental property for a student. The property comprises Lounge, Kitchen, Bedroom and Bathroom and also includes an attractive communal garden, garage and an allocated parking space.

This property also has the added advantage of a sitting tenant in contract until September currently paying £475pcm. Even at £475 this investment still offers an attractive yield over in excess of 5%. In current rental market conditions, you would expect to achieve in the region of £550pcm which then increases the gross yield to around 6%, which makes this property a must for investors.

Students are always looking for properties close to the university and mature students are often attracted to one bedroom properties rather than sharing so as they get their own space. Homes in this area always rent quickly and with the advantage of income from the sitting tenant as soon as you complete can you really afford to turn this opportunity down?

For more information contact the Michaels team today.