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Buy to Let Flat - Two Bed - 7.5% Gross Yield

Buy to Let Flat - Two Bed - 7.5% Gross Yield

I came across this one after chatting to someone who lived in the same area, https://www.zoopla.co.uk/for-sale/details/44708215?search_identifier=d84902017f083febe951a1e058d9020a#OL2d1EQ5DWsyACDZ.97

It’s being marketed at £64,500 with our friends at Purple Bricks. Its looks like an excellent example of an ex local authority two bed flat that’s been renovated to a high standard.

It seems quite spacious with a dining kitchen, two double bedrooms and views and the level of decoration/modernisation seems quite high.

I would estimate the rent conservatively at £440 per month, which gives a yield of around 7.5%, with capital appreciation for flats in this area having run at 13.5% over the last five years. The EPC is a D, though bordering on C.

All in all definitely one to have a closer look at I would say.

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