The house today has only the one external photo, but provided it is in reasonable order internally it could well be worth the asking price, so please keep reading.....
Being located fairly close to the centre of town and the mainline train station, this smaller 2 bed house is quite typical of the numerous starter homes dotted around, and will surely appeal to a young family or young couple starting out in life. With an asking price of £180k, this is in the right ballpark for such a house in today's rising market, and subject to the internal condition being suitable, we would be happy to rent this for £825 PCM right now, which is a 5.5% yield from a fairly modest investment. Demand on 2 bedroom properties is very high, our last 2 properties on Oldbrook were over-subscribed by at least 10-15 applicants each, we even had to suspend taking enquiries on the second one as we were inundated. Across Milton Keynes, there would have been 91,682 searches in the last month would have resulted in this house being seen, and with a lot of light industrial factory units and warehousing jobs in the area, you will likely find your new tenants to be working in that industry, or maybe in retail or hospitality in the city centre.
At this price it won't hang around for long, so do arrange an early viewing to see if it is all it has the potential to be, because this could be a good long term investment for any portfolio.
If you struggling to find anything decent on the property market and need a little help finding potential bargains 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.
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