7.8% yield on a Stockingford Semi!

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Good Afternoon to you all, after having done some research on some buy to let opportunities for one of our current landlords I came across this which I thought would be nice to share with you.

It is a 3 bedroom semi detached property in the Stockingford area of Nuneaton. Located in a sought after area for the school catchments its an ideal family home. It is currently being marketed by Purple Bricks for £99,950. Judging from the photos this property would be ready to rent out without any work needing to be done to it, and with an achievable rent of £625-£650 PCM you would look to be getting a 7.8% yield.

http://www.zoopla.co.uk/for-sale/details/39167198

Properties in Nuneaton come onto the market and within days are sold subject to contract…. I predict that this property will soon be gone too. Its rare to find a property such as this one, for a price of under £100k especially when smaller properties in areas such as Attleborough are selling for £40k more and not in such great condition. Potential investors may think that the area that this particular property is in isn’t as appealing as the likes of Attleborough but believe me, they fly off the shelves!

If you would like to talk to us about investing in Nuneaton, and what different areas can offer you, please feel free to give us a call on 02477 674545 or drop in and see us on Bond Street.