Monday 1 September 2014

Newton Leys 2 bed coach house apartment for £160k, yield of 6% gross on this

For 160k, you could buy this delightful 2 bed apartment situated above carports, often termed as a coach house, in the newly developing and very popular Newton Leys, just to the south of Bletchley, with great access to Milton Keynes and other local towns such as Aylesbury and Dunstable.




This sold in 2012 from new for £139k, so I think there could be some movement on todays asking price, but if not that's still been a nice 15% increase for the vendor in 2 years. With a rental value in todays market of around £800PCM, this would represent a gross yield of 6% for the new owner, and as this area continues to be developed, it will bring with it new shops and community facilities, which is great for the future of the area and for property prices.
 
 
For more information about this or other potential investment properties that we could introduce you to, call us now on 01908 562582

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