Buy to let deal of the day - 3rd June 2014

I didn't plan on doing another deal of the day quite so soon after Friday's but this one really is a goody if you have a spare (big) chunk of cash in the bank...!





This is a 3 bed flat on the beautiful Waldegrave Rd which is literally around the corner from the Uni. It is being marketed as a buy to let investment only as it has 3 female students in situ at the moment and they will be there until the end of the academic year 2015. 

So, no work to do, great location for ongoing student rentals, an immediate income from existing tenants - good stuff huh?! The snag is the price which is not a bargain but lets say 'fair' considering the above. It's on at £50 shy of half a million. The tenants are paying £1500 pcm which will give you a yield of 3.6%. Not bad.

http://www.rightmove.co.uk/property-for-sale/property-30640986.html

Rebecca Smith