Family homes with 3 bedrooms are well sought after if priced competitively, and this one is certain to be one of those options. With the purchase price equivalent to many modern 2 bedroom apartments this won't be on the sales market very long.....
Located in the established neighbourhood of West Bletchley, this modest 3 bedroom family home with garage and nice garden would make a very attractive and financially sound investment for any landlord or portfolio builder. With numerous schools, shops and facilities within a very short walking distance, including a 10 minute walk to the West Coast main line train station (London commuters please take note, train times are just 33 minutes to Euston from here), the location pretty much sells itself.
With an exceptionally fair asking price of £220k I would budget another £8k for a new kitchen, some modern flooring and a repaint where required, this will lift the property towards a more modern level of tenant expectation and help to achieve a rental of around £995, a 5.4% yield without significant work or outlay required. Similar houses with a downstairs WC & en-suite bathroom along with larger bedrooms would put this property purchase price at closer to £250k and rental value at £1100+ which would then be out of reach of younger growing families, so sometimes simple is best as this will have a wider appeal.
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?
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