Close Quarters, Cow Lane, Bramcote, Nottingham

Close Quarters, Cow Lane, Bramcote Village, Nottingham

 

Please click here to see this property on Rightmove.

A lovely location and a strong yield. We have always found Bramcote village to be popular with renters. This flat would achieve £525pcm. I think an offer of £92,500 is not unreasonable and based on this price that would be a gross yield of 6.8%.

There are no details of the leasehold on the marketing, make sure you check the length of the lease before submitting any offers. Anything below 75 years and the property will lose value year on year. You can apply for an extension of the leasehold but this can cost thousands. If this is the case that should be reflected in any offers made.

I would also make enquiries about installing gas central heating.

14 Curzon Street, Long Eaton, NG10

14 Curzon Street, Long Eaton, NG10

 Click here to see the property on Rightmove.

This is a sought after postcode in Long Eaton, Close to Trent College and within minutes of the M1 and A52.

It appears to be ready to let immediately, and you should expect to achieve around £575pcm. Based on the asking price alone this gives you a respectable yield of 6%.

Properties on this street will hold there value well. This is a good long term investment.

One thing to bare in mind is maintenance costs are always higher with a property of this age, and this will eat in to your gross rental yield.