Tuesday 25 August 2015

Oldbrook superb 1 bed house £150k, 5.4% yield with huge demand for this

These 1 bed starter houses are always popular amongst young professionals, and today we have one within sight and short walking distance of both the city centre and the train station.
 
 
 
 
 
With its own rear garden, a spacious bedroom and bathroom, this represents decent value for money, and would have enduring appeal for years to come due to its central location and the space it offers internally. In the last month, there were 1790 searches for a property such as this on Oldbrook alone - city wide, there were  76,749 results that would have put this property in front of prospective tenants, so you can see how high demand is for a small starter home. On the rental market today, we would happily ask £675 PCM for this, if not a little more if it was painted throughout and brought a little more up to date internally, so a return of at least 5.4% is achievable here.
 
 
 
 






If you really can't find what you are looking for on the property rental market and need a little help finding gems like the one above, speak to us about how we can keep you appraised of the latest opportunities before the rest of the pack. For more information about other potential investment properties that we could introduce you to (such as ready tenanted properties for sale by our existing landlords), or to ask about our thoughts on your own investment choices, call us now on 01908 562582 or send us an email.
 
 



miltonkeynes.enquiries@belvoirlettings.com

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