Well things are still pretty dry in the Nuneaton property market at the minute which is very contradictory to the weather recently! I did however come across this property this morning, and looking at the photos it seems like once purchased, it could be let out immediately without any work being done to it. It is being marketed at ‘offers around £110,000’ by Shortland Horne, and I think its definitely worth a viewing.
We recently rented out a similar property not far from here for £650 a month, so I think this would be an achievable figure for this property also. If you were to pay £110,000 then you could be looking at a 7.1% yield which is a very attractive figure.
The house is located very close to Hartshill, close to the primary and secondary schools in that catchment area, so as well as appealing to couples this house would also be ideal for a family. The links to the A5 are within 2 miles so commuting from this property – and avoiding the town centre rush hour traffic- would also be appealing.
If you would like to speak to us about Buy to Lets in Nuneaton, or you have properties that you are looking to either have fully managed or just require a tenant find service for, please give us a call on 02477 674545, we currently have a large database of working professionals awaiting rental property in Nuneaton.