Now we were at this block just last week, and these 2 bed apartments are really nice, and located in the quieter part of Broughton away from the busy centre and all the shops. Internally they are spacious and well appointed, and at £165k this offers good value for money although it does need redecorating and cleaning, so push for some money off the asking price.
On the rental market today, this would command a rental of around £775 which is a yield of 5.6% gross, currently a very good return for this area. With allocated parking, a very smart brick and stone built exterior, and wide, quiet internal hallways, this is a cut above the rest.
These apartments sold for around £158k when newly built in 2005, reached peak value in 2007 at £175k before the credit crunch, and one identical was sold in 2014 for £165k, so you can get in quick at this level now before prices start to rise again. With no upper chain you should not delay in seeing this as soon as you can.
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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