This house has the potential to be a really good investment property. It may need a little bit of TLC at the moment, but it appears to be only cosmetic, not much that a paint brush and some new carpets can’t sort out! The only thing I can’t see, is how modern the bathroom is as there is no picture. If it does need updating though, you can get a plain white suite quite cheap nowadays.
http://www.rightmove.co.uk/property-for-sale/property-29910996.html
This area is popular for many reasons, the main one being the local schooling and being a 3 bed house, means that you should attract a family and generally speaking, families are more likely to be a long term tenant, meaning less void periods for you as a potential landlord.
The potential annual yield on this particular property, is also pretty good at 5.3%. Being on the market for £225,000 and would rent in the region of £995 – £1050. The chances are at the moment it would be at the higher end of the price guide for rent, due to lack of supply and extremely high demand!
If you have any questions about where to buy your next, or even your first property investment, drop me a line on [email protected]
