Great value 2 bed maisonette on Emerson Valley, £145k with 5.8% yield

This has just popped on to our radar, and we already manage another in this building so we know the property very well and the target market.

 

 

 

 

Offered for sale at £145k, these maisonettes rent well at £700 PCM which is a yield of 5.8%, and the best part of this deal is that there is already a sitting tenant in place paying this amount, so it can be earning you money from the moment you become the proud new owner. Whilst it may not look much, it has a large communal garden which is kept immaculate, has a spacious living area and is very affordable when compared to apartments in the centre of town which can be priced at least £200 more per month.

 

As for growth, this property was previously for sale at £125k in September 2012, showing an increase at todays asking price of 16% in under 3 years, so it is heading in the right direction along with the rent which has seen a matching 16% increase over this period of time.

 

 

 

 

The details of this property have already been forwarded to our many subscribers who are currently looking for such an investment. If you are one of the hundreds of other potential 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, or send us an email.

 





miltonkeynes.enquiries@belvoirlettings.com