Morning Readers! And what a lovely sunny morning it is…. perfect house viewing weather wouldn’t you agree?
Newly added to Zoopla this morning is this 2 bedroom terrace property on Marlborough Road in Nuneaton. Houses on this street very rarely come on the market, most are snapped up before they even hit the ‘market’ infact. I recently learnt that most estate agents have an ‘elite list of clients’ who are ready and waiting to buy property and they are offered the properties that come on the market prior to them being advertised… which could explain why we are seeing fewer and fewer properties on Rightmove and Zoopla.
Back to the property… it is a 2 bedroom terrace, which with a lick of paint looks like it would be ready to rent out straight away. It is up for £99,950 but I think you could easily offer £90,000 and then barter to meet somewhere in the middle.
Yield wise, if you were to buy the house for £95,000 and then rent it out for £575 you could look at getting 7.26% which is a nice enough figure. I do believe though, that houses in this area will appreciate in value substantially over the next few years in comparison to areas like Stockingford for example.
It is currently on the market with Reeds Rains, and definitely worth a view.
If you would like to speak to us about this property or any other, please feel free to pop in and see us on Bond Street, Nuneaton.