Today we have quite a nice, yet affordable, 3 bedroom spacious family property on Pennyland that is pretty much ready to let as it is.....
Offered for sale at £250k this is a very tidy house, clearly owner occupied and with a lot of pride taken in it's appearance and presentation, meaning that any new landlord to have this on the rental market in next to no time (I would perhaps just paint a few of the bedrooms to tone down the colour to a more neutral palette).
Houses in this area typically rent for around the £1100 PCM mark, and will always attract families who want to live in this quiet residential location but not too far from the city centre with all it has to offer. With a yield of 5.3% possible on this, it does represent great value when you consider that there is almost no work to be done here, so your downtime and costs are minimised once you complete the purchase, and as everyone knows 'time is money'.
The area is well served by a number of primary schools and is just a few minutes walk away from Webber Independent School and Stantonbury Campus & high school, so growing families have a lot of choice as their children move through their school career.
I will regularly post what I consider to be great 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 373580 or pop along and speak to me in person at our new offices in Central Bletchley, Milton Keynes.
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