Thursday, 12 June 2014

Lime Hill Road - 5% yield and decent capital growth

TW Property put this on the market yesterday at £164,950. They say, "A well-presented 1 bedroom entrance level flat situated in the popular town centre road, currently let at £675 pcm. The property benefits from a private entrance door, lounge with original bay window, separate kitchen with window to the rear, double bedroom and bathroom with shower over bath. This property with make an ideal 1st time purchase or Buy-to-Let investment."

I say, buy it for £160,000 and you will be getting a 5% yield. Ground rents on these are normally quite low. I like this, and whilst it wont win prizes for looks, it has a siting tenant. Capital growth has been around 15% to 17% on this street in the last 3 years, so when you compare against the RTW of 11% in thse 3 years ... these do up in value quite well 

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