Property type: One-bedroom apartment
Asking price: £124,995
Monthly rent: £650
Yield: 6.5 per cent
Our Investment Property of the Month for August is this modern one-bedroom apartment in Carpathia Drive, Southampton, which delivers an excellent yield of 6.5 per cent.
The spacious and well-presented fourth-floor flat is located just a short distance from the city centre and West Quay shopping centre, making it a hit with tenants and offering potential for significant capital appreciation over the coming years.
It is available with tenants in situ and comes fully furnished, allowing any investor to achieve an instant return without having to fund a substantial outlay.
The tenants currently pay a rent of £650 pcm and are contracted to remain in the property until January 2016. In addition, they were fully vetted by our team in Southampton so any buyer can be confident of their status.
The property has been on our books since 2007, so we are also able to offer eight years’ rental and maintenance history, providing valuable insight for a potential investor.
Camilla Esmond, senior adviser at Leaders’ Investor Network, said: “This property has only recently been made available for sale and presents a wonderful opportunity to make an investment that offers the benefit of not only having a tenant in situ, meaning you will receive a rental income from day one, but also an incredibly strong yield for the Southampton area.
“We think this combination makes it a really attractive buy in the current market and one that investors looking to expand their portfolio should consider.”
The apartment boasts a range of high-quality features - including a modern kitchen suite and a large living area with neutral décor that includes plenty of space for a dining table and chairs.
For more information or to arrange a viewing of the property, please contact the Investor Network team on 01273 744881 or email email@example.com today.