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Friday 7 November 2014

Southampton buy 2 let yielding 11% - tempted!

This 2 bed flat in a council tower has just come on the market. It’s in SO19 and has great views over the city. It’s a good size at 750sq ft. and is suitable for cash buyers - you won't get a mortgage on this one. Your tenant pool will comprise benefit recipient’s and local workers. It’s on the market at £75k but given its limited appeal there should be some good negotiation on price. Rent wise you will be looking at £625 so your yield should be around 11%. Nice if you are chasing yield!


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