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Posted On: 30/06/2009
American Property: The Bargains Just Keep on ComingOverseas property specialists Azure Overseas have announced yet another affordable property abroad: a 3 bedroom detached house in Buffalo, New York state for an incredible £47,350. Frank Crowley, the company's director commented on the bargain property:
"To get a 2 bedroom detached house in ready-to-live-in condition anywhere in an established market like America for under £80k would have been unthinkable before the credit-crunch hit. Now you can buy a 3 bedroom detached house in an affluent area of New York State for under £50k, it's incredible. This type of bargain is perfect for investors; sure to grow in value impressively when the American market recovers. But also perfect for people who want to move to America for better job prospects, and people who want a holiday home; the property is just a 6 hour drive or a short flight from New York City."
On top of the benefits of this property for investment purposes laid out above, namely the bargain price and location; the property is being sold fully tenanted with a monthly income of £691.56, thus a gross rental yield of over 15%. The house has a full attic and loft, forced air air-conditioning, and a concrete driveway.
This is just the latest in bargain properties unveiled by Azure Overseas; earlier this week the company unveiled an apartment development in Hurghada Egypt for just over £10,000, and 2 bedroom off-plan apartments in Turkey for £29,500.
Director Frank Crowley commented on why azure have such an abundance of bargain overseas properties:"The bargains are there if you put enough effort into finding them. In the current climate, when most people in the market for a property abroad are looking for a bargain, we have set-up a dedicated sourcing team to make sure we give our clients exactly what they are looking for. We have properties in over 20 countries, each one offering incredible value for money based on its price, location and investment potential/holiday home benefits."Frank went on to mention Azure's "unbelievable priced properties in Thailand, and incredibly affordable properties in Cyprus". Visit the site to find out more.
About Azure OverseasAzure Overseas is a member of the National Association of Estate Agents (Overseas) and adheres to the highest standards of customer care and stringent market research/due-diligence.
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