6.94% Gross Yield in Barton-le-clay!

https://www.onthemarket.com/details/1187108/

I've just done a little research on this one bedroom flat for sale in Barton-le-clay, it was last rented for £550pm in July last year. If you can pick this up for £95k and rent it for £550pm again then thats a fantastic gross yield of 6.94%!!!

The advertised ground rent is only £250pa but there's a slight caveat - the EPC rating is an 'F'. Just in case you are not aware, it will be illegal for landlords to rent out band F and G rated properties from 01/04/18. Also, tenants can request to improve the EPC rating of F and G rated properties from 01/04/16 with Green Deal or ECO Deal incentives.

Keep an eye out for more F and G rated properties coming onto the market over the next few years. I think some landlords will be worried and panic sell, when it could be an easy fix to improve the properties to an E or above rating!

Band	Rating Points
A	92-100 SAP points (Most efficient)
B	81-91 SAP points
C	69-80 SAP points
D	55-68 SAP points
E	39-54 SAP points
F	21-38 SAP points
G	1-20 SAP points (Least efficient)

*Please note that these are only estimates and may be inaccurate. What makes a different to the SAP rating? Below are some examples of aspects that can make a different to your property’s SAP rating.

Improvement	Rating can be improved by	Estimated Savings
Condensing Boiler	*47 SAP points	£225+ per year
Cavity Insulation	*13 SAP points	£100-£125 per year
Roof Insulation	*10 SAP points	£100-£125 per year
Cylinder Stat & Insulation	*8 SAP points	£100-£125 per year
Double Glazing	*4 SAP points	£10-£15 per year
Low Energy Lighting	*2 SAP points	£10-£15 per year

(above tables taken from http://www.energykey.co.uk/epc.html )

If you'd like a coffee and a chat about investing in the local area then give me a call on 01525 838848 and drop into our office  - 21 The Rufus Centre, Steppingley Road, Flitwick.