Property type: Two-bedroom flat
Asking price: £140,000
Monthly rent: £685
Yield: 5.8 per cent
This two-bedroom flat in Bournemouth meets every criteria when it comes to choosing a buy-to-let - and that’s why it’s our Investment Property of the Month for October.
It is currently tenanted with the present occupiers paying a monthly rent of £685 - generating annual income of £8,220. What’s more, it has been let and managed by Leaders since 2010, meaning we have a long and comprehensive record of its maintenance and rental history.
On the market at an asking price of £140,000, the flat provides a lucrative investment opportunity and should generate a yield of 5.8 per cent.
Bournemouth has long been the subject of incredibly high tenant demand, making it an ideal place for landlords who are looking for minimal void periods and the chance to select tenants from a large pool of high-quality applicants.
The flat is for sale on a leasehold basis, with the current lease having approximately 170 years still to run. It is comprised of a lounge-diner, kitchen, two bedrooms, bathroom with an electric shower and a private garden.
While it could benefit from some modernising, there is plenty of potential to create a beautiful home that is sure to be highly sought-after, possibly generating a higher rent in the future. However, even in its current condition it has remained popular with tenants and continues to achieve excellent results.
The flat is located in an extremely popular part of Bournemouth, benefiting from easy access to the town centre and nearby shops.
For more information on this flat or to arrange a viewing, please call Leaders’ Investor Network team on 01273 744881 or email firstname.lastname@example.org.