Good Morning property hunters - I thought I would share this investment property with you all today. This is a ready made investment deal with the flat already tenanted and bringing in £500pcm. This is giving you instant return on your investment.
Now Greenings Court is popular for investors for many reasons however do not be fooled by the way a lot of these agents advertise the properties - what they forget to mention are all the additional fee's that come with investing in flats in Greenings Court.
The additional fee's (service charge, ground rent etc) can range from £800 to £900 on a 1 bedroom flat. so if we go with the higher number of £900 then the yield you can achieve with the tenant paying £500pcm is 7.2% although the advert states 8.5% you have to remember to deduct £75pcm off the rent towards these charges.
Still a better place to put your money than leaving it in the bank.
Greenings location is pretty much central. Its less than 10 minutes walk to the town centre, bus station, central train station. Ideal for working tenants.
Definitely worth ringing up to arrange a viewing
If you are thinking of getting into the property rental market and don't know where to start, speak to us for impartial advice and guidance to get the best return on your investment. For more information about other potential investment properties that we could introduce you to, or to ask about our thoughts on your own investment choices, pop along and speak to us in person at our offices at 6 Bankside Crosfield Street, WA1 1UP, Warrington or email me personally on manoj@hamletwarrington.co.uk
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