Good morning landlords...
DB Roberts are offering this already tenanted property in Malinslee Telford for £95,000.
Malinslee is a popular area for tenants as its very close to Telford Town Centre and some of the big employers in Telford, this in turn makes its popular for landlords.
Looking at this property I believe it could return a higher rental figure. Looking at my comparable rent archive there could be the potential to achieve £560-575 pcm which would give a return of 7%. Also, looking at the floor plan configuration there could be potential for changing the rooms to get better sizes.
Its currently let at £600 per month (giving you a 6% gross yield) so it looks ready to go.
See more at goo.gl/WPlk1O
Having purchased tenanted properties before there are some pitfalls to be aware of, so give me a call on 01952 306 444 if you would like some help or advice if you have never bought a property like this before.
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