September 14, 2018
one bedroom apartment with a 7% yield
Yieldit Estate Agents have for sale a one bedroom apartment in Victoria Mill offering a potential yield of 7%The apartment is on the market with a guide price of £108,000. From the pictures available on the advert i would say that the property is in a market ready condition and wouldn’t require any money spending on it. It would also appear from the pictures the apartment is situated on one of the higher floors over looking the golf course which is deemed to be more desirable and often means a quicker let.
Victoria Mill has always and i imagine will always be a popular development within SK5 and finding a tenant is usually a smooth process. I would imagine the property to let for £625 pcm and if a car park space were added then you could potentially achieve £650 pcm offering a yield of between 6.94% – 7.22% if purchased for the guide price.
If you would like to talk further about buy to let opportunities in SK5 then give me a call on; 0161 443 4022.