Our April investment property of the month is this one bed second floor flat in Westall Close, Hertford.
Photo by Ward Estates.
The property is just a five-minute wallk from the town centre and is being sold chain-free.
Here are the top five numbers you need to know for this property (if you'd like more information on these numbers, just let us know):
- Marketing price
£214,995.
- Estimated rental income
£9,600 pa
- Estimated gross rental yield
4.47%
- Estimated net rental yield
1.81%
- Estimated return on investment
7.25% - assuming 75% mortgage
Note these figures don't include capital growth, which has averaged a compounded annual rate of return of 5.2% per year for the last 20 years, or a total of around 173%.
These figures also exclude any taxes, which will of course depend on your personal circumstances.
So you might reasonably assume an overall net return on investment of 12% for this property (although remember that past performance is no guarantee of future returns).
To put some actual numbers on that, you'd need a deposit of £53,750, and the estimated annual return on investment would be £3,897, or £6,450 including capital growth.
For more details on this property, contact the selling agent, Ward Estates, on 01992 472025 or visit the link below:
Do you need help working out the investment potential of a property you're interested in? Or would you like more info on how we calculated the above figures?
