This week’s investment video is a 2-for-1. We have had two apartments come to the market at the popular Spinners Court retirement development.
Both properties are one bedroom and are neutrally decorated throughout. Both feature fitted kitchens and bright living spaces. The apartment at £80,000 is to the front of the building and offers fantastic views over the canal. The second apartment is on at £65,000 and is situated to the back of the property with views over the well maintained communal gardens.
Both apartments would benefit from some minor cosmetic decoration.
The property to the front at £80,000 could see a rental income of £600 PCM which means you could see a healthy £7,200 gross yield which works out a 9% gross return.
The property to the rear at £65,000, could achieve £550 PCM which would be a fantastic 10.1% gross yield, bringing in £6,600 per year.
As it is an over 55s development – both the owners and tenants would need to be over 55.
If you fancy a viewing, give us a call on 01524 843322.