Ampthill - 2 Bed Flat With 6% Gross Yield!
If this 2 bedroom flat in Katherines Court, Ampthill can be bought for £135,000 then it could produce a 6% return! Flats in this road go for anywhere between £625 - £725 per month depending on condition and size, so if we assume an average of £675 thats a 6% gross yield.
Flats in this road are good for buy to let investments, there's usually a good demand. We manage a few here, but i'd check for any signs of damp in the ground floor flats. Some of them are prone to condensation and mould. It can be sorted with vents in windows and dehumidifiers, so it isn't the end of the world. Educating tenants about how to avoid condensation is always a good idea though!
If you'd like to discuss any properties you're thinking of investing in around the Ampthill and Flitwick area, then why not pop into my office in The Rufus Centre on Steppingley Road, Flitwick, next to the new sports centre currently being built.
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