It’s easy to let your heart rule your head when investing but remember it’s all about numbers. Are you getting a good return on your money, what is the yield?
Take this City Centre apartment for instance, now it’s certainly not the most attractive of properties however it yields a healthy 6%. Purchased in 2015 for £125,000 and achieving a rental figure of £675pcm it makes a great investment property.
Another huge bonus is that the local authority run the block management, which is usually much cheaper than independent management firms. The service charge and ground rent costs are around £600 per annum (very low compared to others)
One recently sold in the same block for £190,000 (2018) so it’s steadily growing in equity too…. You can invest in lower priced properties that still give you a large return, making apartments like this an ideal buy to let property!