Investment Property of the Month: July 2017

Thu 20 Jul 2017

Property type: Two apartments
Location: Lowestoft
Asking price: £159,950
Rent: Flat A - £432pcm, Flat B - £475pcm
Yield: 6.5 per cent

This month’s top investment opportunity is a property in Lowestoft that is currently let to tenants as two separate flats.

Both flats benefit from double glazing and gas central heating and enjoy a prime location in the town centre, just a few minutes from the coast.

Flat A is comprised of an entrance hall, lounge, reception room, shower room, kitchen and bedroom. It is currently let at a rent of £432 pcm.

Flat B is a larger property with two bedrooms and a dining room that could be used as a third bedroom if required. It also includes an entrance hall, lounge, kitchen, rear lobby, bathroom and a communal courtyard. It is let at £475pcm.

With an asking price of £159,950 set and two homes to let, this is an affordable and lucrative opportunity to significantly add to your portfolio. It delivers an exceptional yield of approximately 6.5 per cent.

For more information or to arrange a viewing contact Leaders in Lowestoft on 01502 558806.