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Close Quarters, Cow Lane, Bramcote Village, Nottingham |
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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.
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