Here we have a very spacious, 3 double bedroom house on a nice part of Oldbrook, just a stones throw from Central Milton Keynes. Offered for sale at £200k, this is superb value for such a large house, and the condition appears to be more than acceptable with not much work needed.
With an ensuite bathroom to bedroom 1, gardens front & rear and no upper chain, this would potentially rent today at around £925 PCM, giving a great yield of 5.6%. What about the capital growth? Well, terraced houses in this area were for sale at around £143,167 in 2005, so the growth in the past decade has been 39% and in the past five years it has been 20.4%. Try getting that at a building society!
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.
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