This Blog is directed at Landlords who are interested in property in Falmouth and surrounding area. We aim to keep landlords updated on potential local property investment opportunities as well as give our light-hearted commentary on Property News items that might affect them and their property investment.
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
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
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
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.