Property type: 2x two-bedroom apartments
Asking price: £205,000
Rent: £575pcm per apartment
Yield: 6.6 per cent
Our Investment Property of the Month for June focuses on an opportunity to acquire two flats to the south of Ipswich.
Each of the two-bedroom properties is currently rented by a company with a fixed-term contract set until 18th February 2017. The company is paying a monthly rent of £575 per apartment, generating a total rental income of £1,150pcm.
Our local experts believe a gross yield in the region of 6.6 per cent can be achieved by the new owner of the portfolio.
Even with a ground rent of £100 per annum and service charges of £200 a year per apartment, a considerable return on investment is likely. Buyers will also be pleased to learn that each of the flats boasts a lease that still has 117 years to run.
Both flats are offered for sale in good decorative order, featuring a neutral style throughout. There is plenty of space and a range of appliances that are sure to appeal to prospective tenants in the future.
If you are interested in this lucrative buy-to-let opportunity do not hesitate to speak to our team in Ipswich, who can provide more information and local market insight.
Read more about the properties here.