It's difficult to find any investment property under £100k these days, so this one under £90,000 with a potential yield of over 10% gpa is well worth a look. The property comes with a sitting tenant, so rent is payable from day one, and that is guaranteed by the seller for the first 3 months of ownership*.

The current return is £8,100 pa (9.26% gpa) with a potential for £9,000 pa (10.28%) gpa; pretty healthy returns for a Buy-to-Let. The new owner will also enjoy three months of property management completely free of charge (subject to t&cs).

The property has been removated over the years, most recently to include a new kitchen and bathroom, and has gas central heating and uPVC double glazed windows and doors.

ACCOMMODATION

Ground Floor

Entrance hall: uPVC double glazed door, laminate flooring.

Living Room: 14' x 12'5.  Laminate flooring, radiator, fireplace with electric inset fire.

Kitchen/Dining Room: 14'9 x 10'. Built in range of recently fitted high and low level cupboards, worktops, sink unit, cooker stainless steel spashback and extractor hood with extractor fan, built in fridge-freezer, splashback tiling, plumbed for washing machine, space for tumble dryer. Radiator, spotlights. 

First Floor

Bedroom 1: 12'1 x 10'6. Radiator. Built in robe.

Bedroom 2: 10'7 x 10'3. Radiator. Built in robe.

Bedroom 3: 9'2 x 8'3. Radiator.

Bathroom: Recently fitted white suite comprising panel bath with shower over, vanity unit-wash hand basin, wc. Fully tiled walls and floor, extractor fan, mirror. 

Landling: Hotpress. Access to attic.

Outside

Front: Garden in stones, path, hedging etc.

Rear: Enclosed garden with newly fitted decking.

MORE INFORMATION

Rates: NAV £48,000. Estimated rates payable £496.18 (as per LPS NI website Dec 24)

Tenure: We understand that this property is freehold but are awaiting confirmation. This would mean no ground rent payable and no issues with mortgage availability on the grounds of short leases which can sometimes occcur with ex-NIHE properties.

Rental Tenancy: Details available on request.

Reservation Agreement: Key One Property offers vendors and buyers this service to help prevent sales falling through including buyers being "gazumped". The vendor of this property has expressed an interest in the service - more details are available on request.

Rent Guarantee & Free Property Management: Offered for the first three months of ownership, subject to t&cs available on request. 

Important additional information: About the property description, sizes and details, viewings, privacy policy and more is available here:https://www.keyoneproperty.co.uk/rent/viewings-and-applications/