How to Spend £100,000 in a Day

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If you happen to have £100k in your pocket, what could that get you in Nottinghamshire?

A key part of our service is offering impartial advice to investors. They always want to know where to buy, what to buy and how much return they will get.

I have taken a look at the market today to give you an insight into the type of property available in this price bracket. Sometimes with change to spare.

Nottingham
For £100,000 you can buy this 1 bedroom apartment in the Lace Market area of Nottingham.
It is a first floor apartment in a warehouse conversion.
For the price you get 364sq ft. It offers open plan living with a combined kitchen/lounge space, which leads down a corridor to the bedroom. The only closed off space is the bathroom. There is no outdoor space or balcony.
It is a very nice looking apartment and would of course be a hit with young professionals in Nottingham.
Typical rental for this apartment would be £525 per month.
This gives a potential yield of 6.3%

Mansfield
For £98,000 you can buy this 3 bedroom semi-detached house in Mansfield Woodhouse. For the price you get approximately 800 sq. ft. of living space.
Lounge, dining room & kitchen/breakfast room on the ground floor. Upstairs are 3 bedrooms and a bathroom. Garden to the rear.
This type of property would be ideal for a family.
Typical rental for this house would be £575 per month.
This gives a potential yield of 7%

Newark
For £99,950 you can buy a 3 bedroom terraced house on Century Street.
For the price you get approximately 700sq ft. of living space. Lounge, dining room, kitchen & bathroom on the first floor. On the second floor are 3 bedrooms and a shower room. Garden to the rear.
This type of property would be ideal for a family.
Typical rental for this house would be £575 per month.
This gives a potential yield of 6.9%

All 3 properties offer decent returns on your investment and the results are typical for the type of property and location, in this specified price bracket of £100,000.

What this shows is that you can own considerably more bricks if you invest in the Mansfield or Newark area.

Apartments in the city centre will always be popular but will have a higher turnover of tenants.

Investing in a 2 or 3 bed house suited to families with children you are likely to get longer term tenants, especially if the property is in catchment for a good school.

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