Good Morning Readers, and a Happy New Year to you all.
The housing market it seems is also taking a while to ‘wake up’ after the Christmas period with not much being marketed…. however, this lovely 2 bed terrace on Fitton Street has popped up and in my opinion looks like a nice little investment.
Location wise, its in a highly sought after area of town where the houses literally fly off the shelves once they have been advertised to rent. Its perfect for nurses/doctors working at George Elliot hospital and also for small families looking for a house that falls in the catchment area for the desired schools. Another plus with this property is that judging from the pictures, there is no work that will need to be done to it as its all been modernised and walls and carpets look in good clean condition.
This property is being marketed by Dixons, and for a buy to let opportunity needing no work id highly recommend a viewing.
With an asking price of offers over £95,000 I think it would be more than acceptable to offer the £95k, and then to charge £550 PCM minimum in rent, this would give you a nice 6.95% yield, not only is the yield an impressive figure but these particular properties are forecasted to increase in value quite substantially over the coming years, so all in all a good investment id say!
If you require any further information on investing in Nuneaton, or on the rental of any of your properties, please do not hesitate to give us a call on 02477 674545.