Property type: Three flats (available separately or as a portfolio)
Asking price: £95,000 - £150,000
Monthly rent: £500 - £625
Yield: 5 per cent - 6.6 per cent
Our Investment Property of the Month for September is, in fact, three properties. We are delighted to offer this intriguing and lucrative opportunity to acquire a trio of flats in Warrington to the market.
Warrington is one of the most attractive locations to buy-to-let investors, with vast swathes of the town subject to redevelopment and tens of millions of pounds being invested in the area.
Projects such as Warrington Waterfront and the Bridge Street Quarter are set to revitalise the town and could trigger a continuing upturn in tenant demand.
All three of the flats are found within the modern, purpose-built Knightsbridge Court close to the town centre. This desirable location is popular with tenants and ensures rental levels are strong.
The first of the flats is a two-bedroom property with an asking price of £150,000. It is currently let at a rate of £625 pcm, generating £7,500 of annual income and a yield of five per cent.
A one-bedroom flat is the second property included in the portfolio. Its asking price is set at £139,950 and it is also let at £625 pcm, creating a slightly superior yield of 5.3 per cent.
Finally, an additional one-bedroom flat within the complex is available at £95,000 and is let at £500 pcm. This generates £6,000 each year and a yield of 6.6 per cent.
With a healthy yield assured and tenants in situ, allowing landlords to enjoy a return on their investment from day one, the flats are an excellent proposition for any buy-to-let investor.
Each property is currently let through the Leaders branch in Warrington, which holds records for rental income and maintenance history. This allows buyers to purchase in confidence, knowing the flats have delivered a steady income over several years and that all necessary repairs and maintenance has been carried out.
What’s more, the flats are offered either separately or as a single investment, so whether landlords are looking to add one, two or three properties to their portfolio these provide a safe and attractive option.
For more information on the flats or to arrange a viewing, please call Leaders’ Investor Network team on 01273 744881 or email firstname.lastname@example.org.