How about a nice starter flat in a pleasant, quiet street backing onto allotments on a lovely estate, yet with all the important facilities locally within a few minutes walk? If you like the sound of this, read on....
The ever popular Walnut Tree continues to deliver great prospects and investment opportunities, and this one bed flat is just another example. We already manage one exactly like this, and given a bit of spending to perhaps fit UPVC windows and look to update the kitchen and bathroom slightly (likely to be dated, they always are), this might set you back another £4k or so, but it would rent today at around £600-625 PCM which would show a gross yield of 6%. Demand locally is always strong, with The Open University just a few hundred metres away, fantastic road links to the M1 and A5, and of course lots of local schools so it could well attract a teacher - in fact last month, almost 74,000 searches would have found this property on the rental pages of Rightmove, that's a lot of people who could have been your new tenant. Of course this is leasehold, so please do your homework and look into the lease expiry and annual charges for ground rent and block maintenance.
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.
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| miltonkeynes.enquiries@belvoirlettings.com |
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