This blog follows the property market in Southampton. You'll find tips, guidance, and analysis that relates specifically to Southampton and you'll also find properties from all the estate agents in the town on here that may make decent investments. I own and operate Belvoir Lettings, a Southampton Letting Agent, and if you're thinking of buying a property to let in Southampton, I'm happy to offer a second opinion.
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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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