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