We have managed to secure a net income of £700 per month on this property over a 5 year period as a government backed asylum seeker property investment. The total income per year is £8,400 giving a 9.33% net yield against cash invested.
The property briefly comprises; entrance hall; spacious modern lounge / large dining room, a modern fully fitted kitchen with oven and hob and a Combi Boiler giving instant hot water when required; three double bedrooms and bathroom/w.c. combined. The property is fully UPVC double glazed throughout and has the benefit of gas central heating.
As an aside, properties in this area which are in reasonable to good condition are being marketed for £95,000 plus , meaning the client has an option of exiting the investment with a good uplift in value.