Look at this two bed flat in Ludgershall I spotted this
week:
This may not be the prettiest property you have ever seen
but if you are looking for a healthy return this could be the one for you. On offer at £135,000, even if you pay full
price, with a rental value at £700pcm this shows a good return of 6.2% less
management fees.
As with all flats though, check what the management fees
are. Do they keep a sinking fund or do
you need to allow for that yourself? How
long is the lease? Whats the approximate
cost of renewal of the lease?
If the answers to these questions are favourable, this flat might be worth considering.
Ludgershall is popular with tenants as they get a bit more for their
money and these days there is a couple of good food shops and plenty of take
away restaurants to keep everyone happy!
If you want any advice on whether a property you are
interested in is a good buy, pop in and we will be happy to advise.
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