They don't often appear on the market for less than 6 figures, but this one today is available with £5 change.....
This area has become more popular over the last 10 years, as the new retail park and employment opportunities just over the road at MK1 mean that young people and single professionals who work locally will want a small place to live close to work.
This one bedroom property is not large but is quite well appointed and of course will be catering towards the budget end of the market. With a tenant in place, this also means that it is effectively earning money from the moment you buy it, along with the security of a tenant who clearly wants to live here. There doesn't appear to be any work needed (visually anyway), so it should be a quick and easy transaction, and could be a great way for an new landlord on a budget to get started. With a rental value of around £650 PCM, this represents a stunning 7.8% gross yield (do enquire about the maintenance charges and ground rent, although being ex-authority it is likely that they won't be extortionate).
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?
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