Monday 23 November 2015

Two Bedroom Maisonette In Flitwick - 5.25% Gross Yield

This is a nice example of a two bedroom maisonette to buy in in Flitwick:



It's on the market for £160,000 and I think it would rent for a minimum of £700 per month, making it a 5.25% gross yield. 

However I would check the Leasehold carefully as it states there's only 57 years to run, and it usually costs £1000's to increase this with the Freeholder. You'll also find it nigh on impossible to get a mortgage on it with that amount of Lease left to run.

I'd be using this fact to negotiate a substantial discount on the asking price!



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