Wednesday, 30 July 2014

Investment Opportunity in Broadfield - 5.2% yield

I had discounted this property when it was first listed in June with neighbouring agent Taylor Robinson.  The original price was too high for investors however the recent price reduction of £15,000 makes it much more attractive. 

A conservative rental figure of £850 per month will give a 5.2% yield and looking at the photo’s it is almost in a “move in” condition and it has a relatively new boiler fitted.

Admittedly it is not the prettiest house in the village but tenants will be attracted to the large garden and it is in the perfect position to catch either the No.10 or No.20 FastWay routes direct to Gatwick.  And who knows, its already had one price reduction – with a bit of haggling the price may come down even more.

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