What is an yield to attract investers to buy my house

[dublin100]

Hello all,
I am about to put my house up for sale. It has been rented out for the last four years.
The gross rental yield is 7.5%, i.e. if house sells for €150k and rent is €940 pcm.

Is this enough to attract investors? I have heard somewhere before that a minimum of 10% gross yield would be required.

Any advice would be appreciated.

Thanks

 

[ronaldo]

I believe there are properties in Dublin offering 10% yields but, historically, anything above 7% would be considered pretty good.

The problem is that interest rates are so high for BTL mortgages. If someone is getting finance, the 5% or so interest on borrowings would consume most of that 7.5% yield.

Therefore, in my opinion, a 7.5% yield is only going to appeal to owner occupiers and some investors buying with cash.

You have to remember that most of the 10%+ yielding properties are appartments which also have service charges associated with them.