In Great Sankey, just off Forest Close, is this modern development with high spec. apartments & houses. This block isn't that old, only having been built within the last 8 years, so it should be fairly low maintenance.They offer great size accommodation and quite high rentals given the quality of them.
Although not in the Town Centre of Warrington, it's not too far out, so commuters may still consider this sort of area. Advertised with Edwards Grounds, Warrington at an asking price of £65,000, you would look to achieve rent in the region of £450 pcm. Therefore producing you an annual gross yield of 8.3%
Being a modern property, you won't have to worry about doing any work to it to get it market ready, but you will have to take into account service charges etc as this will be leasehold.
http://www.rightmove.co.uk/property-for-sale/property-32281779.html
Now with a 2 bedder in this area will bring in about £500 rent, with the apartment on the market with Entwistle Green for £75,000 your probably looking at around £2k worth of works and expecting a gross yield of 7.8%
One thing to consider here is that in the 'Boom' these 2 bedder apartments where selling at £140,000 where as the 1 bedders where going for £120,000. It is worth considering the capital growth.
http://www.rightmove.co.uk/property-for-sale/property-45160006.html?premiumA=true
For more advice on where (or not) to buy your investment property, give me a call or send me an e-mail. tpatel@hamlethomesproperty.co.uk
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