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Sunday 10 January 2016

Southampton buy 2 let will yield 6.4%



Whitworth Court is a nice little scheme located 5 mins walk to Bitterne train station. The unit has allocated parking and is a reasonable size with a good layout. We let units in this scheme at £600 pcm to a wide tenant pool.The unit is currently under rented at £550.  This unit has 123 years on the lease with a combined ground rent and service charge cost of £860 p.a. Gross yield is good at 6.4% based on asking price of £112k and it nets down to 5.7% after direct property costs. It would make a tidy buy 2 let here in Southampton. Full details at:

http://www.rightmove.co.uk/property-for-sale/property-38825844.html

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