That’s the question a budding landlord asked me the other day! He had inherited 80k and wanted to get into the property market but he was most insistent that he did not want any finance hanging over him.
Well I’ve looked around and found a good BTL deal in Kingsbury, Tamworth, it’s being offered for sale by our good friends Mark Evans at a guide price of 70K.
This ground floor one bed apartment which does come with a tenant in situ may put some landlords off purchasing the property, but looking at the bigger picture – you would be earning straight away and would probably get away without spending on cosmetic works.
The potential for rent on this one bed would be £450pm giving a yield of 7.71%, not to be sniffed at! however if you were interested you would need to do your due diligence before committing yourself – what rent is the current tenant paying, is ground rent payable, is the tenant somebody you would like to rent too and last but not least…….. you would want to see the full tenancy agreement.
So if you fancy buying a little bit of Kingsbury, this apartment could be for you.
To view this property in full, please visit the following link: