I think a lot of us keen property investors tend to overlook certain properties because they’re not in the ‘desired’ areas of town, or because they don’t look a certain way. I’ve said it before and I know so many of us that are guilty of it… but a buy to investment is not a property for you to live in, its a property that you will be renting out and reaping the benefits of, so what may not be appealing to us personally, would be someone else’s dream home/location.
I found this property which is being marketed by Your Move, and believe it could be a little gem of an investment. It is a 3 bedroom property with conservatory, located at the back end of Stockingford which would be ideal for commuters to both Coventry, Birmingham, Tamworth just to name a few. It is also in the catchment for the desired primary schools in that area.
It is on the market for £105,000 but as with any property you could make a reasonable offer. If they were to accept say £100,000 and you were to charge £600 a month rent, then you would be looking at a yield of 7.2%. I would most definitely recommend a viewing on this property before it, like all the others, gets snapped up!
If you would like to speak to us about investing in Nuneaton, or you currently have investment property already, feel free to give us a call on:02477 674545 or pop in and see us on Bond Street, the kettle will be on.