Jump to content

Recommended Posts

Hi Dave 

 

It looks nice but not sure how many investors have funds available to support the lowest £1.1m purchase price (stamp duty alone is £86,750 for a non-first time buyer).:blink:

 

Having a look on Rightmove, there's two properties already available to rent. Are you sure these are off plan? Link to 2 bed below at £1,900 pcm which if it's at £1.1m only equates to 2% gross yield and less than 1% ROI and that's before taking into account service charges which might be a lot given the amenities like pool and gym.

 

http://www.rightmove.co.uk/s6p/47150550

 

Based on the limited info available without siging up for the additional docs, seems more suitable for a principle home rather than investment and I personally think that the capital could be invested for better returns elsewhere.

Personal Blog: https://abcdad.co.uk
Property Spreadsheet and Deal Analyser: https://abcdad.co.uk/property-spreadsheet
Looking to read some Property books? https://abcdad.co.uk/books/property-books
Follow on Instagram: @abc.dad

Link to post

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
×
×
  • Create New...