Canal side location in Fenny Stratford, £158.5k with fantastic gross yield of 6.4%

Now these properties are always popular on the rental market, as they offer modern style with easy parking and great access to the A5 and the centre of Bletchley and the southern parts of Milton Keynes.

 

 

 

 

 

 

With gas central heating, a large balcony and 2 bathrooms, this is the perfect flat for 2 professional sharers who wish to split the cost of living. With a current retail price of £158.5k this is quite good value for a property of this size and specification, and on the rental market right now this would achieve around £825-850 PCM, a potential gross yield of 6.4%. With continual high demand for 2 bedroom properties across the whole of the city, especially one that would accept sharers and could comfortably accommodate their needs, we would have no problem in letting this out. As it is fairly recently constructed (this area was a brownfield redevelopment in 2007-2008, the first units coming to the market right in the depths of the credit crunch), the maintenance costs should be minimal and the fabric of the buildings and the surrounding area are still all in very good order, but do factor in the ground rent and annual service charges, and of course ask about the lease period remaining.

 

 

 

 

 

 

http://www.rightmove.co.uk/property-for-sale/property-51217109.html

 

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.





 

miltonkeynes.enquiries@belvoirlettings.com