If you are looking for a first buy to let investment then Flat 4 Douglas Court could be what you are looking for. Currently let at £495 per month to a good quality tenant who wants to remain at the property, this is an excellent introduction to the world of buy to let.
The property has been recently converted and is situated in the attic of the building. This does mean that there are parts of the building that has restricted height.
The property itself comprises of :
Kitchen (1.56m x 3m) A modern fitted kitchen with white goods
Lounge (2.94m x 3m) The living room faces out onto Southey Avenue via a dormer window
Bedroom (3.04m x 2.58m) A light bedroom that faces out to Southey Avenue.
Bathroom (1.78m x 2.14) Fitted with a modern white suite with shower.
The property benefits from Gas Central Heating and there is parking outside on a first come first served basis
Buy to Let information
This is an apartment that has proved to be a successful investment for our clients. The current tenant pays £495 per calendar month, based on the asking price the current return is 6.25%. The tenant is very settled, and he would like to continue as a tenant and he has given our clients no reason to ask him to move. There are no arrears and the property is in good order.
Buying a first investment property can be daunting but buying a property with a track record and with an existing tenant can help a new landlord take the first steps to successful investment, and Douglas Court has both.
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