Monday 27 July 2015

Wow! Oakhill 3 bed semi with guide price of £200k and yield of around 6.6%

What a way to start the week - this rather nice 3 bed semi on Oakhill has a very high level of internal finish and has clearly been looked after by its current owners, and is now on the market for what seems a ridiculously low price of £200k, so maybe they are looking for best offers over this, but do keep reading....
 
 
 
 
 
 
On the doorstep of Hazeley School, and only 10 years old from new, this house would appeal to professional families looking for a quality home in the catchment of a great school and close to a varied range of local shops over the road on Grange Farm. If we were to rent this today, it would go on the market at around £1100 PCM, which at the asking price is an amazing 6.6% yield. Now even if this sold for £240k (and ultimately it may well do), this would still give a 5.5% yield, and of course all the facts above are unchanged regarding demand and internal condition.
 
 
 
 
 
I would urge any of our readers who may be interested in this to speak to the vendor without delay, because this could well be a nice earner for one of you - and if you do buy it, remember where you heard it first!
 
 
 



** STOP PRESS - SINCE WRITING THIS, WE HAVE LEARNED THAT IT IS NOW SOLD **

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