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City Centre 1 & 2 Bed Apartments Available at Auction

We tend to advise caution when considering City Centre apartments however there are a number of 1 & 2 bedroom apartments in Biscop House being sold at auction at the end of January that may still warrant further investigation as potential investments

We tend to advise caution when considering City Centre apartments due to unpredictable tenant demand, service charges etc however there are a number of 1 & 2 bedroom apartments in Biscop House being sold at auction at the end of January that may still warrant further investigation as potential investments

The 1 bedroom apartment starting bid is £35,000 and the 2 bed apartments start at £45,000

We can't predict what they will sell for, however based on an achievable rent of £425pcm for the 1 bedroom apartment, 7% Gross Yield will be achieved based on a sale price of £72,000

Similarly the 2 bedroom apartment will achieve 7% Gross Yield if the sale price is £84,000 (based on an achievable rent of £475pcm) 

You'll need to factor in the service charges etc however given they are relatively new they should be a low maintenance investment

If you'd like more information please call 0191 567 8577 or email neil.whitfield@belvoirlettings.com

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