Good afternoon, I’m a bit late in the day with my posting
today but I still have a great investment opportunity to share with you all…
This one particularly caught my eye as it is currently tenanted,
so there could be an opportunity to buy with the tenant in situ. Even if they are looking to move out it is situated
on a popular private residential estate and its three bedrooms, which makes it an
ideal property for families to rent.
Now, the only thing missing from the agent’s details, is
the rent that the tenants are currently paying, so a call would need to be made
to them to check that out. However, this property has the potential to gross
you around 6% annual return.
The price is £137,500 that Your Move is advertising the property
for and similar properties are renting in the area for £695.00 pcm.
If the current tenants are paying less than that at the
moment, then of course the yield will reflect, however I would expect it to be
fairly close to my estimates.
It's fairly straight forward when buying a property with
a tenant in situ, the tenancy that they have running, will continue until it's
expiry regardless of the owner and if you have a good agent managing it for
you, they will be able to advise the best course of action at that point.
So what are you waiting for, here’s the link for more information…
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