Maximising yield with <£100k

It's hard to believe we're nearly at the end of another year, but yes, the festive season approaches and with it - for me at least - comes the time of the year when I like to take stock and start planning for 2019.

The blog has continued to go from strength to strength throughout 2018 with several thousand hits and thousands of unique visits on each post - many of you discovering us through my popular monthly newsletter.

More and more of you contact me week on week, with questions, queries, problems - as well as constructive feedback.

One of the things you keep telling me is how much you enjoy the investment features - particularly the case studies with details on client brief and budget. So - here's another one of those I think you might enjoy - with a little twist.

This time, I've discovered a fantastic little investment opportunity on the market, and I'm going to break down exactly why it's attractive and what it could earn you if you snap it up.

This one is for you if:

• You're looking for a sub-£100k investment
• You want a high yield
• You want a turn-key rental
• Your ideal tenant is a settled young family or professional couple
• You are happy to shop slightly beyond the Belfast boundaries 

Site 1 De Courcey Mews, Greyabbey

It's rare for me to blow the trumpet of a property my own company has on the market - but as you know if you read this blog regularly, my priority is always to bring you the best advice and opportunities in property investment, and I regularly feature properties for sale with other agents if they represent the best value I can find. 

It just so happens, this month it's one of ours! 

It's a stunning new build in Greyabbey and it's on the market for just £98,500. With an estimated monthly rental income potential of £600, that offers a yield of 7.3%.

We're republishing our popular Rental Yield tool later this month, and as you'll see from this, anything above the 6% mark is considered pretty good, and anywhere near 8% is very good indeed.

A three bed townhouse of 1,020 sq ft, it's ideal for the long-term, settled tenant, so a small family or a couple could snap this up as a rental - particularly at a reasonable £600 a month - and may well be willing to commit to a longer term lease and help you prevent voids in your rental income.

The property is about 20 minutes from the outskirts of Belfast, enjoying close links to Bangor and Newtownards, with the beautiful Strangford Lough nearby - so it really is the best of both worlds. I'm reliably informed Greyabbey has the highest percentage of antique shops in Northern Ireland, so your rental may appeal to keen collectors or dealers as well!

If you're interested in this property, I would give my office a call as soon as possible because this one is not going to hang around for long.

 

What else can you get for <£100k?

11 Premier Grove, BT15 3LR - £99,950

£550 per month = 6.6%

 

59 Earlscourt Street, Belfast BT12 7AS - £89,950

£525 per month = 7%

 

6 Sunningdale Grove, Ballysillan BT14 6SR - £83,500

£470 per month = 6.75%

 

So what do you think - are you a fan of these investment features? Are you an investor or landlord, or do you just enjoy investing vicariously? Is there any particular type of investment you'd like to see on the blog? Let me know.

In 2019, I will continue to focus even more on investments, purchasing and selling. As always, the blog is only as good as it is useful to you - so keep on sharing your thoughts via the usual channels - drop me a line to info@thebelfastpropertyblog.com, pop into the office on the Lisburn Road, or join the conversation over on Facebook, Twitter or Linked In.