Monday, 7 September 2015

Check out the growth on this property

Buy to let is about capital growth as well as yield.

Have a look at this property in Warrington located in Great Sankey. On the Market for £75k, considering in 2006 these apartments went for around  £115k to £120k, the property has dropped by around £45k. This is ideal for an investor who is looking at the long game, as what you are buying here is equity. 

So this 2 bedroom apartment is ready to let, it does not need any work doing to it if we go of what the pictures are showing, now this would rent all day long at £495 PCM. This brings in a yield of 7.9%. However this is how it can be advertised but what others won't tell you are the list of fees that come with these apartments - You will be looking at spending around £1500 per annum for service charges, ground rent and open area charges (plus a few extra ones) so if we take all this into consideration the Yield you will achieve on this is 5.9% if you factor in the extra £125 charges per month. 

Now 5.9% is a modest yield although in warrington for a similar price property on somewhere like Fox Street or Longshaw St or even Wellfield St you can achieve much higher yields on properties which fall in a similar price bracket the difference is you are buying a New Build which has future growth.

My tip is to arrange a viewing and think of if you are looking for cash flow or future growth. You could possibly attempt to achieve a higher rent (£525pcm) however expect it do be void till the right tenant comes along. 

Full details on link below:
If YOU want to be the first to know about what would make a great Buy To Let investment that is currently available either on the open market or via our own sources (landlord to landlord sales etc), call or email us now and get your name put on our Premier Investor list on 01925 235 338, pop through the door of our offices at Bankside offices, Crosfield Street in Warrington or send us an email on

Dont forget to visit the links below to view back dated deals and Warrington Property News. 

#warrington #investments #property #warrington #landlords #buytolet #property-buy #capital-growth #investments #property #property-capital-growth #warrington  #letting-agent #lettings-agent #letting-agents #lettings-agents

No comments:

Post a Comment