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Shock, horror!! This Ashbrooke Flat Stacks Up As An Investment!

We wouldn't normally suggest a flat in Ashbrooke as an investment, as the area is oversupplied already for the number of potential tenants out there...but the £50k price of this 1 bedroom first floor flat makes this worthy of further investigation

We wouldn't normally suggest a flat in Ashbrooke as an investment, as the area is oversupplied already for the number of potential tenants out there...but the £50k price of this 1 bedroom first floor flat makes this worthy of further investigation

Given the oversupply in the area we've worked on a pessimistic £350pcm (although up to £400 may be achievable in time) - priced below the market at £350pcm there should be no shortage of Good Tenants interested in this flat and it would deliver 8.4% Gross Yield

It previously sold for £75k in 2005 but this should be judged for its yield rather than capital growth potential, as given the large number of Ashbrooke flats likely to be sold in the next few years (from investors who bought at the peak trying to get out without losing their shirts) it may be a while before prices rise significantly

Call us on 0191 567 8577 or email neil.whitfield@belvoirlettings.com for more information

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