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An opportunity to purchase a 10% gross yield investment property. This 2 bedroom ground floor apartment has been refurbished in recent years with new double glazing, gas central heating, kitchen and bathroom.
If you bought this property on a Buy to let basis you would need a deposit of £13,750 (25%) and a mortgage of £41,250. Your interest only BTL mortgage payment would be approximately £70 per month on interest only (please take advice from a qualified Mortgage Advisor). Once you pay rates and insurance you'd have a pre-tax profit of around £325 per month at today's rates.
This is the perfect first-time investor starter property.
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*Note: Dataset is compiled by PropertyPal using data from the official NI House Price Index publication, released by Land & Property Services in conjunction with the Northern Ireland Statistics and Research Agency, and supplemented with data collected by PropertyPal. The NI House Price Index can be accessed here. The data has been cleansed to remove anomalies and statistical analysis undertaken by PropertyPal to comprise a backdated time series to 2005.
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