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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Wednesday, 27 April 2016
Southampton buy 2 let will yield 7% with low tenant risk!
This is a nice large 1 bed flat with excellent space planning. The property is well located close to Bitterne Train station and is about 1.5 miles from Southampton City Centre. The unit is on the market at £120k and benefits from a long lease and sensible service charges. We let a ground floor unit in this scheme at £625pcm and this unit would let at a similar level. Gross yield is attractive at 7% and net yield is also strong given the low service charges. This would make a good buy 2 let investment despite George Osborne's recent changes to the private rented sector. Worth a look; full details can be found here. http://www.rightmove.co.uk/property-for-sale/property-41441877.html
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