Free Buy-toLet advice:
I thought I would start posting the occassional property that is on the sales market and discuss the pros and cons of each as an investment. With Guildford continuing to be seen as a great area to invest with relatively good yields and strong tenant demand, numerous people are looking to invest for the first time (partly due to low interest rates that aren't giving a good savings return but also offer a low repayment on the mortgage).
I would suggest you still speak to us and do your own due dilligence but this is quite a nice flat at £140K which doesn't look like it requires much work.
We currently manage one very similar to this a receive a monthly rent of £780, which based on £140k purchase price is 6.7% return - although it is a leasehold so you should check the ground rent and service charges etc.
Would appeal to a couple that work at the Hospital or Research Park or perhaps a doctor that is on a 1 year secondment to Royal Surrey.
See the full listing from the sales agent on the link below (copy and paste to browser)
http://tinyurl.com/ayggzz4
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