This property has been on the market for a month now, and although it is fairly tidy and modern there is still some scope for improvement, namely in tidying the front & rear gardens and more importantly fitting gas central heating throughout.
Offered for sale at around £180k, allow £5k for the renovations and it would then rent in such condition for around £825 PCM giving a yield of around 5.3%, and this would rent well to young families wanting to stay in the area where there is just not enough affordable housing for them. Growth wise, a house such as this would have sold for £152k 5 years ago, so this would be an 18% increase in value over that period, and in fact asking prices have now surpassed the peak of 2007, which means the market is now really moving in the right direction.
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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