Monday 13 April 2015

Hartwell village 3 bed property, £190k asking price, 5.2% minimum yield but great potential to let

This property is located just to the north of Milton Keynes in one of the many pretty villages, yet still within 15 minutes drive of the city and with even quicker access to junction 15 of the M1 motorway.
 
 
 
 
With 3 decent sized bedrooms, a very modern refitted kitchen and a spacious conservatory, along with a single garage and front/rear gardens, this offers a lot of property for the money. Even better, it is in a location that is often under represented yet still in demand, particularly from employees working at the Foreign & Commonwealth Office facility just outside Hanslope, and of course commuters who can simply hop on to the motorway and be in London or Birmingham within an hour.
 
 
 
 
 
 
 
With an asking price of £190k, I would barter hard for a better deal on this as the same house a few doors away sold for £147k in November 2013. This would rent currently for around £825 PCM, giving a yield of 5.2% at the asking price, but what else is there to rent in this area at the moment - not much really, and we are always receiving enquiries from families wanting to live in a village location but within easy reach of Milton Keynes. 10 years ago, a house such as this would have sold for £125k, showing growth of 52% at todays price.
 
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 email us.
 
 



miltonkeynes.enquiries@belvoirlettings.com

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