Property type: Two-bedroom house
Asking price: £96,000
Are you looking to add to your property portfolio on a limited budget? If so, our Investment Property of the Month for March is the perfect opportunity.
This two-bedroom mid-terrace cottage in Lowestoft is packed with character and is just a short distance from the town’s beach.
More importantly, it is up for sale with an asking price of just £96,000 – and it delivers a yield of more than six per cent!
The property is available with tenants in situ, providing a further benefit as you could enjoy a return on your investment from day one. The current tenants are paying a rent of £485pcm (£5,820 per annum), which helps to generate an overall yield of 6.06 per cent.
Offered for sale in excellent decorative order, the house in Long Road has recently been rewired and has had external cladding and loft insulation installed.
It is comprised of a living area, dining room, kitchen, lobby, bathroom and two bedrooms – and it is sure to remain in high demand among local tenants in the coming years.
For more information or to arrange a viewing of this property please contact Leaders in Lowestoft on 01502 500922.