Newport Pagnell High Street, 1 bed flat, £115k with gross yield of 6.8% NOW SOLD AND LET

Back on October 23rd, we talked about a nice little 1 bed flat above quiet shops on Newport Pagnell High Street, and we said at the time that it had the potential to return a 6.8% yield.

 

 

 

 

Now, just 1 month later, the property has sold and been a let agreed with a new tenant for £640 PCM, so we were spot on with our rental assessment, and here is what we said at the time:

 

"This is a lovely little 1 bed flat on the High Street, finished to a modern style and in neutral colours with all the works having been attended to, so it could be ready to go onto the rental market straight away.

 

Offered for sale at £115k, this would likely achieve a rent today of around £625-650 PCM, giving a potential gross yield of 6.8% and with apparently very low service charges. This would appeal to a young professional looking to live in the heart of this market town, and would be a great starting point for the novice investor, as the financial exposure is reasonable and the standard of the property looks like it would need virtually no work doing to it."

 

So if YOU want to be the first to know about what would make a great Buy To Let investment that is currently available, either on the open market or via our own sources (landlord to landlord sales etc), call us now on 01908 562582 to have your name put on our Premier Investor list, visit us at our offices on London Road in Stony Stratford, or send me an email.

Unusual 3 bed maisonette in Bletchley Park, £190k asking price with potential 5.7% gross return

This unusual and rare 3 bed maisonette is split over two levels, located within a short walking distance to Bletchley railway station so is ideal for commuters, has 2 allocated parking spaces and UPVC double glazing, so it's ready to go onto the rental without delay.

 

 

 

 

At the asking price of £190k, this is very good value, and could go onto the rental market at around £895 in the early part of 2015, which we anticipate will be a very busy and demanding time. This property would have sold for around £165k in 2008 in the early days of the credit crunch, so it has increased by 15% since then, and we would expect it to start to show further capital growth from now on the market starts to pick up.

 

 

 

 

 

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 to see how we can help.

Westcroft 1 bed flat giving a 6.1% gross return, now back on the market after 4 months

Following on from a blog 'deal of the day' back on 14 July, it looks like a sale may have fallen through, as this apartment is now back on the market.

 

 

 

We said back then "This is not a bad area at all, with lots of great local shopping and on the fringes of Milton Keynes and close to open countryside. The vendor wants £110k for this, and in it's current state you would easily get £560-£575 PCM for it, giving a decent return of at least 6.1%, and with a 999 year lease you don't need to worry about being stuck with this in years to come."

 

So now, over 4 months later, this represents really good value for money, and subject to service charges and ground rent, this could be a nice little starter property for someone with a small fund to start them off.

 

If you are thinking of getting into the property rental market and don't know where to start, speak to us now on 01908 562582 for impartial advice and guidance to get the best return on your investment.

What a great project! Victorian terrace in Wolverton, £175k, potential 6% yield

Now the sales advert for this is a bit sparsely worded, and there is just the one external photo, but it would appear to be a potential project for someone given the price, and depending upon the internal condition and standard of fittings it would be prudent to allow around £25k for refurbishment as a starting point.

 

 

 

 

Having spent a total of £200k in bringing this up to spec for the rental market, you could likely ask around £950-995 at this point in time, showing a decent return of up to 6% for a fairly solid piece of property in a popular old Victorian railway town. These are always popular with families who are looking to rent, as they offer good internal space and incredible value for money when compared to a modern box on an 80's housing estate.

** STOP PRESS - THIS IS NOW UNDER OFFER **

 

If YOU want to be the first to know about what would make a great Buy To Let investment that is currently available, either on the open market or via our own sources (landlord to landlord sales etc), call us now on 01908 562582 to have your name put on our Premier Investor list,  visit us at our offices on London Road in Stony Stratford or send me an email.

Amazing value! Cranfield 4 bed detached at £220k, yield of 6% but what a lot of property!

Cranfield is a more rural area situated on the edge of Milton Keynes, but with the Nissan Technical Centre and a University campus to it's credit, there is strong demand in this village from professionalS, and their families, for good sized properties close to these major employers.

 

 

 

 

On the market at £220K, with no upper chain, a large conservatory and a garage, this would easily rent for at least £1100 in the market right now, which would return a decent 6% and probably let year in, year out, to one of the local employers as a company let, giving a lot of security and predictable cash flow to an investor.

 

 

 

 

**  STOP PRESS, NOW SOLD SUBJECT TO CONTRACT  **

 

If you are thinking of getting into the property rental market and don't know where to start, speak to us for impartial advice and guidance to get the best return on your investment. For more information about other potential investment properties that we could introduce you to, or to ask about our thoughts on your own investment choices, call us now on 01908 562582 or pop along and speak to us in person at our offices in Stony Stratford.

WOW! A great investment in a Walnut Tree studio flat, £95k asking price with 6.6% gross yield

This is a perfect starter property for the new investor looking for an inexpensive and easy way into letting. Being a 1 bed studio apartment there is very little to it, and therefore little that would demand attention or huge financial commitment in the future, yet there would always be a demand at this end of the market amongst young tenants wanting a first place of their own.

 

 

 

 

Offered for sale at a tad under £95k, a quick clean and maybe a fresh lick of paint would see this on to the rental market at around £525 PCM, showing a very healthy gross yield of 6.6%, and with great demand for these small properties you are likely to be able to let this quite easily, time after time.

 

 

 

 

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, or pop along to our offices for a more detailed chat about your requirements and how we can help you.

Perfect for sharers - Oakhill 2 bed 2 bath apartment, £160k asking price with 5.5% yield

This decent 2 bedroom / 2 bathroom apartment in Oakhill is absolutely built for 2 professional sharers, and with an asking price of £160k is pretty good value in todays market, and with no upward chain this could be yours in no time.

 

 

 

 

 

Situated on the edge of the city, with access to country walks and open spaces, this offers the space and tranquillity that many people are looking for, rather than living in the busy centre of MK. On todays rental market, this would achieve around £825 PCM, giving a good 6.2% gross return which is very good for this area, and demand is certainly out there for well presented properties such as this, in fact we have a number of people sat waiting for just such an apartment to come onto our books.

 

 

 

 

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, or pop along to our offices for a more detailed chat about your requirements and how we can help you.

Newport Pagnell 3 bed semi, £190k asking price, yield of 5.5% with great capital appreciation potential

This typical estate 3 bed semi is on the market currently for a shade under £190k, bargain hard and get a few thousand off if you can as it does need some work in the kitchen. Whilst not the prettiest, it certainly does what it needs to and earns it keep, whilst also allowing some scope for improvement in future years to keep it fresh.

 

 

 

 

Presented to the rental market in good clean condition, and with a modern kitchen, this would likely achieve around £875 - 900 PCM, showing a reasonable yield of at least 5.5%, but in a good solid property with plenty of life left in it yet. Back in 1997, similar properties in this street were selling for £60k, so at todays price this would represent growth of 216%, which is very good news indeed for someone looking for great capital growth potential.

 

 

If YOU want to be the first to know about what would make a great Buy To Let investment that is currently available either on the open market or via our own sources (landlord to landlord sales etc), call or email us now and get your name put on our Premier Investor list on 01908 562582, pop through the door of our offices on London Road in Stony Stratford or send me an email.

Close to Newport Pagnell centre, £140k asking price with 6.2% yield

This quaint 2 bed terraced cottage in Priory Street, Newport Pagnell is currently for sale at a touch under £140k, with gas central heating, UPVC windows and no upper chain.

 

 

 

 

Within walking distance of the town centre shopping, bars & restaurants, this typical market town terraced property offers a fantastic starter home for a young couple, and at this price also makes it accessible to new investors looking for a relatively easy property to add to their portfolio. On the rental market today, this would achieve around £725 PCM, showing a healthy 6.2% yield.

 

 

 

 

A property such as this would have sold for around £55k back in 1998, meaning that at todays price it would have increased in value by 154%, more than paying its way for the investor landlord.

 

If you are thinking of getting into the property rental market and don't know where to start, speak to us for impartial advice and guidance to get the best return on your investment. For more information about other potential investment properties that we could introduce you to, or to ask about our thoughts on your own investment choices, call us now on 01908 562582 or pop along and speak to us in person at our offices in Stony Stratford.

Broughton 1 bed apartment, £125k with a gross yield of 6%

This very tastefully presented ground floor 1 bed apartment is on the market currently for £125k, in the popular area of Broughton, giving great access to the M1, with no upper chain and 116 years lease left.

 

 

 

 

 

This would definitely appeal to a young professional tenant, and also would be attractive to a relatively new investor at this price, as it appears to be ready to go straight out of the box and on the market today at around £625, giving a decent return of 6% gross.

 

 

 

This particular property has already 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, or pop along to our offices for a more detailed chat about your requirements and how we can help you.

PRICE DROP OF £7k, 2 bed apartment 2 years old, potential yield now up to 5.9%

Last week, on 4th November, we showed this beautiful 2 bed / 2 bathroom apartment in Wolverton which was for sale at £170k at the time, but the vendor has now dropped the price to £163k.

 

 

 

 

 

At this price, and with an anticipated rent of £775 PCM (you could even push this to £800 in this market today), the gross yield goes up to between 5.7 - 5.9%, and the speed we let an almost identical property last week was such that the new owner completed on the Friday and we had the a tenant found for them by Wednesday, long before his contractors had finished refurbishing the property.

 

This particular property has already 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

Willen Park 3 bed semi, £165k with 6.2% potential yield in a good area

This 2 bed semi is up for sale at £165k, and would need a little work doing to update it, but in essence it appears to be a solid house in a decent area and would be something that would fit well with the demands of potential tenants in the local market.

 

 

 

 

Having been brought up to date internally, this would rent for around £850 at least, giving a potential yield of 6.2%, and with easy and quick access to Central Milton Keynes and the M1 motorway this would make a great home for a growing professional family. This house itself was sold for £55k back in 1999, so at the asking price today this would have appreciated in value by 200%, which shows the sort of area it is in, as the best capital growth happens in the nicest areas.

 

If you are thinking of getting into the property rental market and don't know where to start, speak to us for impartial advice and guidance to get the best return on your investment. For more information about other potential investment properties that we could introduce you to, or to ask about our thoughts on your own investment choices, call us now on 01908 562582 or pop along and speak to us in person at our offices in Stony Stratford.

Central Milton Keynes 2 bed apartment, £150k, potential gross yield 6.2%

This 2x double bedroom / 2 bathroom apartment in Central Milton Keynes is perfect for the professional sharer market, and ideally located for access to the train station, local shopping and all of the central offices.

 

 

 

 

Offered for sale at £150k, this could go onto the market today in a fully furnished condition for around £775-795 (we literally have people queuing for just such a property, having let 3 very similar in the past week), giving a return of at least 6.2% gross, and this will always attract demand due to its location and size, plus the allocated city centre parking space will certainly add value.

 

If YOU want to be the first to know about what would make a great Buy To Let investment that is currently available either on the open market or via our own sources (landlord to landlord sales etc), call or email us now and get your name put on our Premier Investor list on 01908 562582, pop through the door of our offices on London Road in Stony Stratford or send me an email.

Wolverton 2 bed apartment, £170k with a gross yield of 5.5%, but a very smart property just 2 years old

Today we have a showhome condition 2 double bedroom / 2 bathroom, beautifully finished apartment, close to Wolverton mainline train station, and it looks literally ready to go back on the rental market without delay.

 

 

 

 

This is another property that will always be in great demand, offering room for 2 professional sharers to spread their cost of living, and within walking distance to a well known supermarket chain, local pubs and the centre of Wolverton. At an asking price of a whisker under £170k, and with a typical rental of around £775-£795 if let fully furnished, this would generate a gross yield of around 5.5% today.

 

 

 

 

 

 

 

If you are thinking of getting into the property rental market and don't know where to start, speak to us for impartial advice and guidance to get the best return on your investment. For more information about other potential investment properties that we could introduce you to, or to ask about our thoughts on your own investment choices, call us now on 01908 562582 or pop along and speak to us in person at our offices in Stony Stratford.

Land with planning permission, Bletchley, guide price £140k, + optional apartment block purchase

This is a bit unusual now, a building plot with planning permission for 3x 1 bedroom coach house apartments, with the option to acquire the adjacent residential block consisting of 5 apartments, currently generating an annual rent of over £33,000.

 

 

 

 

The vendors agent is "of the opinion that the apartments are sufficiently large enough to enable a reconfiguration of the accommodation, to gain a second bedroom without compromising the existing layout", however do get yourself along to have a look at the plot size and the plans for yourself.

 

 

 

 

If YOU want to be the first to know about what would make a great Buy To Let investment that is currently available either on the open market or via our own sources (landlord to landlord sales etc), call or email us now and get your name put on our Premier Investor list on 01908 562582, pop through the door of our offices on London Road in Stony Stratford or send me an email.