With so many properties appearing on various rental sites, prospective homeowners are looking to use their buy to let mortgages to get on the housing market. Fortunately, this 3 bed terrace in Nuneaton which is marketed with Your Move could prove to be quite a nice little buy to let property. The property itself is in pretty good condition, so should be a fairly straight forward buy it and let it out, subject to the obligatory pre-tenancy clean. Of course, if you need to raise the capital beforehand you could always consider the option to sell my house fast for cash to enter the rental market instead.
This particular area of Nuneaton (Lister Street) is a great spot for buy to let, it offers people the slightly quieter life without being too far away from civilization, still within walking distance to the town centre and train station.
This property has just come to the market with a guide price of £110,000. With this figure in mind and comparing it to what similar properties are renting for in the area at around £575 pcm, you could be looking at a potential annual yield of 6.3%. If you are new to renting a property, especially if you’re in the United States you may want to visit one of the many housing associations like AAOA that could be beneficial in helping you. Some people are reporting that retired homeowners see wealth increase due to owning the right property at the right time, and this could be a good choice for those nearing that time as a buy to let investment.
If you have decided to dive into the buy to let market, you can’t go far wrong with a property like this.
Our door is always open if you fancy popping in for a chat, our office is on Bond Street.