Orchards are proud to be launching our brand new Quality Tenant Guarantee.
From today as standard all of our new managed lets will be given our quality tenant guarantee, meaning that if a tenant we find moves out early or causes issues, you're covered with our free re-letting service. We're here to give you peace of mind and support every step of the way.
We are pleased to offer this investment opportunity, currently on the market for £290,000 however we believe that with a chain free purchaser, an offer of circa £270,000 could be acceptable.
Based on this purchase price and a refurbishment cost of £20,000 and a rental income of £1,500pcm the property should yield at 5.99%.
We know most of our landlords look to hold properties for a long term. Below is an illustration based on a 5% annual appreciation of property values
There’s been much talk in the news recently about changes ahead for the lettings industry. Aside from the long-awaited Renters Reform Bill, currently due its second reading, there are updates on possession processes, energy-efficiency expectations, and even caps on ever-increasing rents. Here we address the latest for landlords…
