The Morley Property Blog

The Morley Property Blog

Tuesday, 13 September 2016

6.6% yield buy-to-let deal for chapel conversion



Reduced to £99,995 yesterday is this tidy looking 2 bed flat in a chapel conversion on Bruntcliffe Road.  There's parking and it's really handy for motorway network, close to Asda and not far into Morley centre so should prove popular on the rental market.

Internally it looks to be in excellent condition, modern kitchen and bathroom and 2 bedrooms.  It's an open plan kitchen / living area which isn't to everyone taste but seems to work well for the rental market.

There is likely to be service charges and ground rent so potential buyers would need to check that out to ensure numbers still work.

In this location, I would envisage it renting for £550pcm giving a 6.6% yield which is pretty healthy.

It's on the market with Yourmove, the link is here http://www.rightmove.co.uk/property-for-sale/property-42495840.html 

If you'd like impartial advice on this or any other buy-to-let deal you are considering, feel free to drop me a line on claire@openhousemorley.co.uk or call me on 0113 436 4360.


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