Weddington Road is a highly sought after area to live in Nuneaton for several reasons; It has fantastic schooling facilities nearby and is also very convenient for both the train station and motorway commuting links. Properties in this area are predominantly 3 to 4 bedroom semis with a few 2 bedroom terraces and 4 bedroom detached thrown into the mix. If you spruce up the insides a little with some wall decals, it would likely go very fast when put on the market. The average rental value for a property in this area is around £800 PCM so this little gem is a bargain at £725. It’s a great area to invest in if you know what is a good cap rate. Continue reading “Beautiful Weddington property up for rent!”
Halfway through another week and, here’s another hot property coming your way from up estates. This is a really nice example of a 3 bedroom semi detached in Nuneaton. It’s in really lovely condition by the looks of things, having had an updated kitchen and bathroom fitted. Similar properties in the area are renting for around £600 – £900 pcm, for the nice ones, which means, when you compare it against the current asking price of £125,000 that you could potentially receive an annual gross return of 5.7%. Continue reading “Nuneaton Buy to let Bargain!!”
Well the last few weeks have been rather manic for Nuneaton landlords, some of whom we manage their properties and other landlords who read our Nuneaton Property Blog, have been sending me emails or picking the phone up to me about the new rules on buy to let taxation announced in the recent budget. George Osborne confirmed in the recent summer budget that the tax relief given to landlords on mortgage interest payments, on their buy to let (BTL) properties, would be reduced over the coming years for higher rate income tax payers. The Chancellor said the tax relief that private buy to let landlords (who pay the higher rate of income tax) would change in 2017 from the current 45%/40% and would steadily reduce over the following four years to the existing 20% by 2020. Continue reading “Tax implications for the Nuneaton Landlord??”
Happy Friday everyone, thought I’d end the week with a little ready made investment. This 2 bed terrace has the benefit of being sold and no work having to be done to it . The location of this property would make it perfect for anyone looking to live in the town centre with easy access to the train station and all commuting links. Continue reading “Nuneaton ‘High Street’ buy to let star of the week.”
I hope everyone enjoyed their bank holiday weekend, albeit a bit wet wasn’t it!
I saw this property uploaded on the property portals this week with Mark Webster and Co, and thought it was worth a mention. There have been a couple in this development come to market recently. Going by the details, it looks beautifully refurbished with a new fitted kitchen and kept to a very high standard. Location wise, it’s perfect, especially with the new station that is soon to be finished just across the road from this property. It is also ideal for motorway commuting and will attract a higher standard of tenant both from the way it is presented and with the commuting possibilities. Continue reading “Bermuda Bank Holiday Buy!”