From a Landlord’s point of view, this is an ideal and straight forward investment as the less work required to get the property to a standard that will easily Let and appeal to the masses, the higher the return on their investment.
Appealing features of this apartment is that it is located on the ground floor, is bright, airy and is on a popular river road with the added bonus of off-street parking. River road properties appeal to locals either moving out of their family home, i.e. young professionals, or those relocating to be nearer their work place from the London boroughs or the south and often don’t want to pay a premium for being near the mainline or want a quiet suburban feel. That said, this property is walking distance from the Town Centre which has all the amenities and designer brands, a few local convenience stores, restaurants and River Thames also within a very close proximity.
Another favourable and highly advantageous aspect for the potential Landlord is that these apartments are all Share of Freehold which excludes the cost of Ground Rent and comes with a very long lease. At an agreed purchase price of £220,000 this property could easily Let for £800pcm, earning a gross yield of 4.4%.
If you would like to discuss the Buy-To-Let market in more detail or would like more advice, feel free to call me on 01932 22 21 20 or email me at email@example.com for more information on the Lettings process.