Springfield Starter Home

Good morning everyone, I hope you didn’t miss me on Monday. Being a bank holiday, I thought I’d have a day off! Back to the grind now though and I thought I would start it off with this little number. 

I agree that it is not the most attractive of buildings, but that doesn’t stop them flying out of the door for rentals. Inside this house though, it looks lovely, with a nice modern fitted kitchen and more importantly it’s own private rear garden. Most of the 1 bed houses round this area have communal grounds or an open patch of grass, so to have one that is sectioned off is a big plus point!
http://www.rightmove.co.uk/property-for-sale/property-40352620.html

It is on the market with Beresfords with an asking price of £165,000. Given the amount of properties that have come up in the area, you may be able to negotiate a little bit off the asking price… every little helps as they say. We have rented a very similar recently for £700 pcm, which was a bit of a record, they normally bubble around the £650 – £675 mark. Basing it on the higher figures though, this property would generate you a gross yield of 5%, which in this market isn’t bad. 

If you have any questions about investing in property, feel free to give me a call on 01245 330500, or drop me an email stephen.frost@martinco.com

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