Friday, 27 March 2015

Investment Spot of the Day

Grove Place (Picture of Front block - apartment to the rear)
For Sale through Lewis Haughton and Wills at £125,000
Click Link:

Dip your toe into the world of the investor landlord with a starter investment

Back in 2005 I was involved in selling these apartments and they sold like the proverbial hot cake.

Indeed a few years later I bid and bought one of the water-fronted ones on behalf of my father-in-law at auction. He made a tidy profit selling it on and at the same time enjoying the same very good tenant for 3 years!

The apartment in question is actually situated to the rear of a wonderful Georgian House opposite Events Square. Although it doesn’t have water views itself, you are so close you can smell the sea! The property comprises a lounge/dining area, compact kitchen, bedroom and shower suite.

They make good solid investments because they are in the heart of town. Based on a monthly rent of £550, this should achieve a gross return of £6600 per annum.  This equates to a 5.28% gross return on investment

In the last year the Zoopla House Price God suggests that prices in the immediate postcode have risen by approximately 5%. The property has a registered EPC ‘E’ rating. Those of you that read the earlier blog article Who cares about EPC’s will know that it will be valid for letting under the impending EPC changes after 2018.


No comments:

Post a Comment