What a nice property this is, located in the newly developed area of Newton Leys, just south of Bletchley and offering great road links out of Milton Keynes via the A5.
Offering 2 bedrooms and 2 bathrooms in a modern setting, this is offered with no upper chain at £165k and should rent at around £795 if not a little more, giving an attractive gross yield of 5.8%, and would really appeal to either a young couple or 2 professional sharers. With not much work to do internally, this could hit the rental market quickly upon completion and be earning you money without delay.
These were sold for £125k when brand new in December 2008, so you can see that growth has already started with a 31% increase over the new price, and this is through the early years of the credit crunch. With the whole area being developed and new schools & amenities planned in the future, this will soon be a bustling community in its own right.
If you are thinking of getting into the property rental market as a new investor and don't know where to start or what to look for locally, 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.
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