Wednesday, 6 March 2013

Property of the Week

 Longden Close, Bramcote, Nottingham, NG9 3GH
Please see link to Rightmove below:



This property has been on the market for a long time now, it was originally advertised for £117,950. I think there is a good chance of negotiating a big reduction on the asking price.
 
This is a very popular residential location (across the road from Bramcote Park and within minutes of the Junction 26 of the M1).
 
If the property was updated internally (decor, carpets etc) you should expect to achieve approximately £525pcm. Based on a total investment of £90,000 (including updating the property) you are looking at a gross yield of 7%.
 
If anyone wishes to place an offer please let me know. rob.hall@belvoirlettings.com