Buy-to-Let Investments Available NOW!18 Jun 2017
We have some great off market and on market investment options available now. What makes them a good buy? It’s different in each case dependent on your aim as an investor, let’s have a look.
Napier Drive, Govan. Glasgow
A 2 bedroom ex-local authority flat located in a well-kept building with a proactive factor. This area is really up and coming in my opinion and has seen rents rise and continue to rise with the relocation of the BBC and STV nearby and general regeneration following the Commonwealth Games. As is usual with ex-local authority buildings the flat is a great size and offers good accommodation for tenants looking for an affordable home close to the city. This property is on the market for £65,000 and generates £460 PCM with a long term tenant in situ, a great yield but it gets better! Spending £6-8 k on refurbishing the flat would allow you to charge a rent of up to £575pcm which takes your yield up to over 9%. This is a great buy. Instant and immediate income with a sitting tenant, all regulatory items done already so no immediate costs and the ability to add value and increase yield, what’s not to like?!
Located on the periphery of Glasgow’s West End in Whiteinch, this 2 bedroom tenement offers a great opportunity to buy a solid property with scope for a long term steady tenant, offering a yield of over 7%. Whiteinch is a popular area with tenants looking to be close to the West end but not able to pay the high rents. This area normally secures a long term tenant. Available at purchase price £75k with a sitting tenant currently paying £475pcm but with some refurbishment works, £525 PCM is a likely rent, so a spend of £5k would increase your yield to almost 8%.
A prime city centre property perfect for an investor looking for a solid investment in the city with a good possibility of capital growth and professional tenants. This property has been completely refurbished throughout and should be almost maintenance free! Stunning throughout it will appeal to a professional tenant looking for a city centre property and will rent for around£900 PCM. Extremely safe investment with constant tenant demand. Price around £155k, yield at 7%.