Market Research

Leasehold Buy To Let Doncaster

On my daily search of the property portals I have come across this two bedroom leasehold apartment for sale on Woodfield Plantation in Doncaster

It’s a two bedroom first floor apartment for sale with no upper chain TheProperty Hive.  They say it is well presented, offer open plan modern living, has allocated parking which is a bonus but most importantly has consistently generated £500pcm for the last 5 years.

The Property Hive have put an asking price on this property of £85,000 and knowing this development very well I would say that’s spot on.

It’s a popular development for buy to lets and we let one here recently for £550pcm.  So what is the rental yield, well if we take the annual income from the rent and divide it by the asking price that gives us 7.7%!

Of course when going further in to the figures, remember that most apartment blocks will be subject to ground rent & services charges, so make sure you factor this in, when working everything out in more detail…

This is the link to the property on Rightmove for more information….

http://www.rightmove.co.uk/property-for-sale/property-63457952.html

Call me on 07896988366 to discuss and arrange a coffee to chat in more detail about the Doncaster property market.