Saturday, 25 April 2015
Investment Spot of the Day
New Windsor Terrace, Falmouth
For Sale through Kimberley's at £185,000
Click the link: http://www.rightmove.co.uk/property-for-sale/property-32801022.html#
This three bedroom end of terrace is situated just off Killigrew Street and a few hundred metres from The Moor side of town.
It is an area popular for student letting but is equally appealing for families that want to be close to town, King Charles and Marlborough Rd Primary Schools.
As a 3 bed student let you are likely to get a return of at least £11,000 PA. This equates to a gross return of close to 6% on investment assuming you pay the full asking price.
A conventional family let should secure £775PCM/£9300 PA. This equates to a gross return of just over 5% on investment.
In the last year the Zoopla House Price god suggests that prices in the immediate postcode have risen by 4.5% (in the region of £7700). The property has a registered EPC rating of