February 7, 2019
Are you looking for a Buy-to-Let Apartment?
Currently for sale with Bridgfords is a two bedroom apartment in Haughton Green, Denton that is being sold with a sitting tenant, meaning that you would have rent coming in from day 1.
The tenant is currently paying £475 per calendar month and is in a fixed term tenancy until May 2019. I believe there would be scope to increase the rent if the Tenant does move out in May, which will make the yield even more attractive.
The current gross yield is 6.7% and after taking into account the service charge and ground rent, there is still a healthy yield of 5.3%. Typically a yield of above 5% on an apartment is very good, as they tend to be low maintenance and easy to source tenants for.
The listing is on Rightmove HERE.
As always, please do not hesitate to get in touch with me for any further Buy to Let advice on 0161 443 4022 or connect with me on LinkedIn HERE.