Want a project so that you can add value to your next BTL investment property? This could be for you....
A family sized traditional 3 bed house is on offer today, now it does quite clearly need updating throughout and this will of course cost something so I would budget around £15k for the work. Once done however, the property would be worth around £230-240k on the sales market, and £950 PCM on the rental market, showing a healthy return on investment whichever way you cut it.
Families want this kind of property due to it being a family friendly area with multiple schools to choose from, open spaces are close by and it is just a 10 minute walk to the train station with the centre of Bletchley not much further away. With lots of out of town shopping, leisure, gyms and the local football stadium located close by, there is a lot here for tenants, aong with numerous industrial estates offering plentiful work, and with great road access via the A421 & A5 it makes a great base to commute from.
I will post what I consider to be the best buy to let deals across Milton Keynes and surrounding areas on this blog 3 or 4 times a week, irrespective of which agent they are being marketed with. Maybe you should subscribe and be kept up to date?
If you are thinking of getting into the buy to let property rental market as a new investor and don't know where to start, or you would like some impartial advice and guidance to get the best return on your investment, call me now on 01908 690700 or pop along and speak to me in person at our offices in Central Milton Keynes.
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