Quite an interesting little terrace house in New Bradwell now, a very short walking distance to Wolverton railway station, and a nice affordable entry point for a novice investor or someone expanding into the area.
OK it has a very small back yard, but it is a sturdy looking old building, has got gas central heating and 2x double bedrooms, so all good! Your £140k investment would earn you a monthly rental of around £750, giving a pretty respectable 6.4% return - not bad at all from such a small house at this end of the scale. Best of all, it has seen a resurgence in value, since 2000 the average price of 2 bed terraces here has shot up from £47k to over £140k, an increase of a staggering 197%. Now it can't necessarily repeat at such a high level, but it shows that this area is popular and sought after - always good for your exit strategy.
As always, this particular property has been circulated to our current list of investors looking to purchase something in the Milton Keynes area. If you are one of the hundreds of investors reading this blog daily, why not take the next step and give us a call to see how we could assist you in your search for potential investment properties - or to ask about our thoughts on your own choices, call us now on 01908 562582
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