This flat is a superb buy-to-let opportunity with significant potential gross yield income and offers a steady increase in capital growth. Set in a very desirable location, this property is just a few minutes walking distance from both Walton-on-Thames mainline station and the local amenities of ‘The Halfway’: Flats such as this are very popular for professional commuter tenants.
Properties in this location were sold in the ballpark range of the upper £200,000’s at the start of 2015, ranging between £255,000-£287,795. On the market at £325,000 and another sold at £310,000 some months back via another agent, you could see a healthy increase in value by over £23,000 in just two years.
Located on the first floor, the property is currently rented and is offered with no onward chain. The accommodation is bright and airy as well as offering excellent living space throughout. This property would comfortably Let for £1,100pcm. At an agreed price of £325,000, an investor can expect a gross yield of 4%.
If you would like to discuss the Buy-To-Let market in more detail or would like more advice, feel free to call me on 01932 22 21 20 or email me at [email protected] for more information on the Lettings process.