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.
This house has come to market for an asking price of £169,950, which when you compare against the going rental rates for this type of property, which I would put at around the £750 pcm mark, you could be looking at a gross annual yield of 5.3 %. This would be a great opportunity for many. In case you need a bridging loan to cover the price of the house, here is a bridging loan calculator that you can use. Don’t let an opportunity like this slip through your hands because you don’t have the money to hand right now.
If you would like any advice on buying a property for let, feel free to give me a call 02477 674 545