Even in todays busy market, you don't always have to spend a lot of money to pick up a very presentable and marketable rental property, and I think this is one of those such gems.......
Such a nicely presented house is on offer to my readers today, and although it could do with a splash of paint here and there to tone down the strong colours, the bones of the house, the kitchen & bathroom, are both fine and are ready to show to the market as they are. There is a large, maintenance free garden (which tenants love), a quiet public garden to the front so no noisy traffic passing by (plus somewhere for the children to play), and lots of family friendly amenities close by, including numerous schools.
At an incredible £220k, I would not hesitate to recommend this property to any investor looking to add a long term family home to their portfolio, when this same budget would struggle to buy a half decent 2 bedroom terraced house on a more modern estate - wouldn't you rather choose this option? The initial yield would be around 5.4%, but bare in mind how popular such a house would be for the long term, a period of 10-20 years should always be considered when investing in property, and you will always find tenants for this house simply because it is the right type of property in the right location.
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?
No comments:
Post a Comment