The Morley Property Blog

The Morley Property Blog

Wednesday, 21 December 2016

Great first step into property investment with 8% return




Most people are busy doing last minute shopping and putting the final touches to their plans for the Christmas festivities, but I've just seen this come onto the market and had to post!  It's a great opportunity, especially if you are looking to make your first buy-to-let purchase in 2017 and want to dip your toe in the water by investing at the cheaper end of the market.

It's a one bedroom back to back on Great Northern Street - looks like it could probably do with a lick of paint, but location is good as close to town centre so it should rent fairly easily.  It would probably rent for around £450 pcm, maybe a bit more with a makeover.  It's on the market for £67,000 - that would give you just over an 8% return which is pretty healthy.

It's on the market with Onwards & Upwards, here's the rightmove link Great Northern Street.

Happy Christmas!



If you want to discuss this or any other property investment you are considering, feel free to get in touch on 0113 436 4360 orclaire@openhousemorley.co.uk, I’m always happy to talk property!



Don’t forget to visit the links below to view back dated deals and Morley Property News.