Under £50k Investment – What can I buy?09 Jul 2017
This week I had a buy to let investor, a first timer, ask me if they could buy anything which would make a decent investment in Glasgow for around £50k. For clarity this investor meant £50k in total , not a purchase price of £50k plus a spend of £20k! So it got me thinking, is it possible?
Yep it sure is!! And here are the options I found:
I’m maybe pushing it here – its maybe more like £52-53k but its close!!! This little 1 bedroom flat is in good condition, is super close to the city center and will rent quickly to a mature student, young professional at around £475pcm. That’s a yield of over 10%….
Another belter…£45-46k is going to get you this wee 1 bed in Bridgeton, handy for the train, area of generation and rents for £425- 450pcm…Whats not to like!! Yield of 11% plus!!
A little bit more work needed but… Spend £10k in here and your investment of £50k would generate a rent of at least £500pcm. Yield of 12%…
So for £50k investment you could be generating £450-500 rental income per month, that has GOT to make sense!! And these are not dodgy areas where finding tenants can be tricky, these are quick and easy to fill!