An opportunity to purchase a 10% gross yield investment property. This 2 bedroom ground floor apartment has been refurbished in recent years with new double glazing, gas central heating, kitchen and bathroom.
If you bought this property on a Buy to let basis you would need a deposit of £13,125 (25%) and a mortgage of £39,375. Your interest only BTL mortgage payment would be approximately £65 per month on interest only (please take advice from a qualified Mortgage Advisor). Once you pay rates and insurance you'd have a pre-tax profit of around £336 per month at today's rates.
This is the perfect first-time investor starter property.