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King Of Fools

Bargain Btl In Bar Hill

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Just noticed the following for sale in Bar Hill, Cambs:


And the description caught my eye:

"A modern Q-type home representing an ideal opportunity for first time or investment buyers as the contents are included in the price. The property has been previously let and should achieve approx. £500 pcm."

This is obviously an "ideal opportunity" for BTLers as you should achieve a 0% yield on an interest-only mortgage for this property! ;)

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Sorry, but... The gross yield would be 5%

(£500*12) / 120k = 5%

You're refering to profit, of which there would be zilch!

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