Today we have this delightful and spacious 2 bed terraced home in Broughton, with easy access to the M1 for commuters and yet still within close striking distance of Central Milton Keynes.
Newly built in December 2012, these sold for £162k at the time, so at todays retail price this equates to an 11% increase in value in just over two and a half years, with scope for plenty of future growth as more and more homes come online in this fast growing area. New schools, shops and leisure facilities are already opening, with large scale development all around this area now going full speed ahead, and attracting people to live here in large numbers. Offering 2 bedrooms, a downstairs WC, 2 allocated parking bays and a modern internal style, at todays rental valuation of £825 PCM this would show a 5.5% yield and yet would be a very popular proposition on future rental markets.
* EDIT: Having seen inside this now, it is VERY small, and this would limit its appeal. I would now revise my valuation to £760 PCM or 5.1% yield, and due to the small size I would say it would be less popular than first imagined, so please do have a good look and think hard before committing to this *
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 on miltonkeynes.enquiries@belvoirlettings.com
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