We originally blogged about this property back on December 4th, so I guess the sale must have fallen through in the meantime. Here is what we said back then, and today all of that still applies, but at the newly reduced price the yield has improved to 5.7%:
"The ever popular Walnut Tree area continues to offer a vast selection of properties to suit every budget, style and size of family. Situated within the catchment area of some very good and extremely popular schools, this 3 bedroom property with a large conservatory is perfect for families wanting to put down roots in the area."
On the market now at a reduced price of £185k, this property could achieve around £875 PCM on the rental market right now, but better than that it offers a great opportunity for future capital growth, as this is ALWAYS a popular area for homeowners and tenants alike, so you will always have options in years to come. Property such as this sold for around £170k earlier last year, but back in 2000 the typical asking price was £76k for this type of house, so if the vendor achieves their asking price then it would have grown by at least 150%
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.
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