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 £13,750 (25%) and a mortgage of £41,250. Your interest only BTL mortgage payment would be approximately £70 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 £325 per month at today's rates.
This is the perfect first-time investor starter property.