Today we have another 2 bedroom house, this time without the benefit of being recently refurbished so there is some saving to be made on the purchase price, and also scope for further value to be added by you through the process of modernisation.
On the market today at the reduced price of £165k, this could still be rented for £795 showing a decent return of 5.8% in its current state, so you can see there is still some money to be made out of this one. Back in 2012, a very similar property on this road sold for £125k and would have rented for around £675 PCM, so there has been capital growth of £40k or 32% in 3 years at todays asking price, with a corresponding rise in rental income of 17% - that's not bad given that this is just your average, middle of the road, nothing special 2 bed terrace.
This particular property has already been circulated to our current list of investors looking to purchase something in the Milton Keynes area. 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.
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| miltonkeynes.enquiries@belvoirlettings.com |
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