Property type: Two-bedroom apartment
Asking price: £170,000
Monthly rent: £705
Yield: Five per cent
Our Investment Property of the Month for December is this stylish two-bedroom apartment in Southampton, which is one of the most appealing buy-to-let opportunities on the market right now.
The apartment is available to purchase with tenants in situ, meaning an investor will benefit from an immediate return and the presence of reliable, quality tenants.
It currently generates a monthly rental of £705 (£8,460 per annum) and with an asking price of £170,000, it would deliver a healthy yield of five per cent.
What’s more, the apartment has been managed by Leaders since 2010, so our team can provide prospective investors with full tenant and maintenance history. This is an opportunity to invest with extreme confidence.
The property is spacious and well presented, while its location close to Swanwick train station ensures it will always be popular with young professionals seeking a base in the city.
It is comprised of a smart entrance hall, a large master bedroom with built-in wardrobes, an additional double bedroom, a modern tiled bathroom, a well-sized living area and a fitted kitchen. Further benefits include allocated parking and double glazing throughout.
The property is currently tenanted on an Assured Shorthold Tenancy until August 2016, giving a new investor some eight months of security. The apartment is available on a leasehold basis, with the current lease having 113 years to run.
For more information on this property and for up-to-date buy-to-let advice, please contact our Investor Network team on 01273 744881 or email firstname.lastname@example.org.