This property is a two-block flat with 1 x 1-bed and a 1 x 2-bed.
This unit needed minimal work; just a light cosmetic refurb.
- PURCHASE PRICE: £93,000
- RENTAL INCOME: £12,600pa
- YIELD: 13.55%
- ROI: 18.50%
We were looking for a buy-to-let property of good value that would not only yield steady monthly rent but also steady capital growth. After considering a few properties, this one was purchased as a multi-unit block of flats with a 1 x 1 bed and 1 x 2 bed.
The property was a straightforward purchase discovered through networking and was only in need of minor works. Once purchased, we further insulated the property, installed new heaters and carried out decorative works and it was immediately rented through us. Viewers fell in love with the convenience of the location in Anfield with great travel links.
This is a high yielding property as it is generating £1,050 gross per month. In fact, we had tenants willing to pay above the asking rent to guarantee the flat as it was so sought after.