Todays little gem is a delightful 3 bed detached house on Furzton with garage, ample parking and a conservatory, for sale direct by the owner on Purple Bricks.
With an asking price of £235k, there is just a slight amount of decoration needed to neutralise a few of the rooms, and with an extremely low maintenance rear garden as well this is one that will not be hard to rent out. On todays rental market, we would achieve £1050 PCM, possibly even more on the day, but this would return you a minimum 5.4% yield. With a detached, family home and so much parking, this will be sure to go to a family looking for a longer term rental, and as such you will be sure to have good tenants who are committed to stay as their family grows. Last month, there were 73,482 searches on Rightmove that would have found this exact house within the live stock available for Milton Keynes.
As for capital growth, a house very similar to this would have sold for £68k back in 2000, an increase of a staggering 245% in 15 years! Now it's quite unlikely that this will happen again at quite such a high rate of return, but it gives an indication of the quality of this area and how popular it is, because a neighbourhood which is in decline would never show such positive figures.
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.
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| miltonkeynes.enquiries@belvoirlettings.com |
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