Quiet cul-de-sac in Stony Stratford - 2 bed apartment £150k, 6.4% gross yield

Stony Stratford, the jewel in Milton Keynes crown, is a very popular location due to very few new build developments over recent years, and yet families of all ages still want to live here. So how about this for a starter home in the town, one that is sure to attract attention......

 

 

 

 

 

Now it won't win any beauty contests that's for sure, but it seems like a sturdy older building that has been updated over the years, and the apartments seem to offer gas central heating (unusual, they are typically fitted with expensive to run electric heating) and UPVC double glazing, along with a residents garden to the rear. Being located at the end of a quiet cul-de-sac just adds to the appeal here, and you could still walk to the High Street in a couple of minutes, so it certainly isn't isolated.

 

 

 

 

 

 

 

Offered for sale today at a shade under £150k, along with a 90+ year lease and just £370 annual service charges, this represents superb value for money and does not appear to need anything spending on it to bring it to the rental market. With an anticipated rental value of £795 PCM, this would show a gross yield of around 6.4% which is stunning given the strong market conditions right now, and I know this would appeal to younger couples with no children, or 2 friends sharing, who want all that Stony has to offer and want to walk into the town for it all.

 

 

 

http://www.rightmove.co.uk/property-for-sale/property-36299688.html

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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