Wow, I have come across a property this morning that in my opinion is too good not to share with all you lovely property investors.
A 2 bedroom Terraced house on Lister Street, Nuneaton. On the market with Mark Webster at £104,950! I have been to this property myself about 6 months ago and was quite excited to see that it had been put on the market as I do think location combined with price and general condition that it would in fact have potential to be a good investment.
It has to reception rooms, a modern fitted kitchen, 2 good sized bedrooms and a modern family bathroom upstairs. The garden is a decent size albeit needing a little tlc, and with a fresh lick of paint throughout it would be good to go! If you were to offer around the £100k mark and it was accepted, you could ask for rents of at least £550PCM with potential of slightly more depending on the work you put into it initially, but these figures would give you an annual yield of 6.6%.
The property is a 5 minute walk from Nuneaton town centre, and is located close to an industrial estate where we know of several companies looking for rental properties in the area for their employees (often they are willing to pay slightly higher rents also). The house is also in the catchment area for the desired primary and secondary schools which are close by which would be appealing to families as well as a professional working couple.
I would strongly suggest a viewing of the property before it gets snapped up, and if you would be interested in using either our tenant find or fully managed service please do get in touch, we’d be more than happy to help you out. Feel free to call us on 02477 674545.