What a great price for a decent 3 bedroom house in a nice area, with excellent schools nearby. This looks like it is for sale by the family that currently live there, and as such it may need some minor preparation for the rental market, including having the kitchen modernised, but in all other aspects it looks like a great buy.
With over 7,073 searches in the last month for such a property, there is a very good level of demand currently for this house, which should give some comfort to a potential investor. We also find that with family homes of this size, tenants will be looking to put down roots and stay for a number of years once they have their children enrolled in good local schools, so the outlook for this as a potential long term investment is very positive. At a current rental value of £925 PCM, this represents a decent 5.6% yield at this time, and with a good solid future ahead of it the prospects are great for any investor.
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 to see how we can help, or send us an email.
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