Properties in Plymouth
Properties in Plymouth

PLYMOUTH Blog

9% Great Yielding Flat in Fegan Road

Posted on 21st June 2014 in Buy-to-let Property, Plymouth Property

Stuart Donnington from the Property Group in Plymouth comments on his views of the Buy-to-let market in Plymouth.

I have come across the following little gem courtesy of Connells. They have a 2 bedroom flat in the Fegan Road, St Budeaux area with a asking price of £70,000.The flat might not be to everyone’s cup of tea, and ture capital growth might not be that great, but you should be able to let that flat to LHA tenants for the 2 bedroom LHA rate which is £525PCM. The flat itself internally looks smart and no work would be required in order to get the property ready to let. The flat was last sold in 2005 for £71,500.

If you can get the property for a little cheaper at around the £65,000 your looking at a great yield of 9.7%, even at the £70,000, the yield would be 9%, still not bad.

I know, I know there is a little more to property investment than great yields, some capital growth would be nice too.

For more information on the best local properties view the Plymouth Property Portal www.plymouthproperty.co.uk or contact Stuart direct on 01752 710747 or visit his website http://www.the-property-group.co.uk