Property of the week

 9 Stevens Road, Sandiacre, Nottingham, NG10 5FU -  £95,000

LINK TO RIGHTMOVE

Click on the rightmove link above for further details.

This property has been marketed since 20/04/2012, the price initially started at £99,950.

The average sold price on Stevens Road based on the last 5 sales is £108,299 (data collected since April 2009).

The property will Let out for approximately £525pcm, so based on the asking price alone you are looking at a 6.6% gross yield. This will obviously improve with any deduction you get on the asking price.

We have Let several properties in this area before and they always go quick. This property appears to be ready to Let out immediately.

One thing to consider; the property has had two sales fall through since it has been marketed. This shows that the property is obviously popular, however I would want to confirm why those sales have fallen through. It is often to do with purchasers not securing finance, however I would recommend an in depth building survey to be safe.