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.
FPS Estate Agents have listed this property with an asking price of £99,000, which doesn’t seem too unrealistic. This could generate you a gross yield of 6.67% straight away with a monthly rental price of £550 PCM. With the way the Nuneaton rental market is looking, I believe in 12 months time you could be getting £600 PCM for this property increasing your annual yield to 7.27% which is a very appealing figure!
There are many more properties out there coming to market, which would be a suitable buy to let investment, but I can’t mention them all unfortunately! If you see a property that you like and would like some advice on its suitability for a rental property, e-mail me the link over and I will give you my honest opinion. M.firstname.lastname@example.org