This 1 bed apartment in Banister Park is located just off
the Avenue, it really is in a prime location. Tenant demand is strong for this
type of unit ranging from post grads to professionals. Although this unit does
not have car parking it will attract a rental of £650pcm ( with parking it is closer
to £700 but will cost £10k more). Voids on this unit will be minimal. It is a
good starter buy 2 let unit as maintenance will be low given that the
block is relatively new and the block management is also good in this scheme.
Gross yield based on asking price is good at 6.25% and the assets is well
placed to benefit from capital appreciation over time. It certaintly ticks most of the boxes -Well worth a look.
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