Bletchley 3 bed family home, realistically priced at £230k, 5.2% initial yield

Good family homes need a few ingredients to make them work, and we think this one works quite well so do read on....

 

 

 

 

 

 

Schools are always important, and here you have a selection of first schools within a stones throw of the property, and for secondary schools you have the option of Lord Grey which is also just a short walk up Rickley Lane. How this works for the adults in the family is that you can also walk into the centre of Bletchley and the train station, so commuting to work will not be as big a chore as it could be (think about the free parking at home for a start).

 

 

 

 

 

For sale right now (and it has been on the market for almost 3 months) at £230k, it has to be worth an offer of around £220k, but even at full price you could still make this work as a buy-to-let investment purchase, showing a yield of around 5.2-5.4% in the rental market at this time. With such a well presented property there would not be much to do here to prepare it for rental, and families that we regularly talk to are looking for houses such as this - Bletchley might not be for you, but for the 34,000 or so local inhabitants that call it home, it will most certainly appeal.

 

 

http://www.rightmove.co.uk/property-for-sale/property-35796867.html?premiumA=true

If you are one of the hundreds of investors reading this blog daily, why not take the next step and give us a call to see how we could assist you in your search for potential investment properties - or to ask about our thoughts on your own choices - call us now on 01908 562582 to see how we can help, or send us an email.

 





miltonkeynes.enquiries@belvoirlettings.com

Bluebridge spacious family 3 bed house, £245k with 5.4% yield

Todays offering is a spacious home for a growing family, and located on a quiet estate but still within easy travelling distance of all the amenities a family would need.

 

 

 

 

 

 

On the market today at a shade under £245k, this is a fair price for such a lot of house. Sure to appeal to families with children who want to stay for the longer term, this is within a short walk or drive of Wolverton town centre and the 24 hour supermarket, yet is surrounded by plenty of open space, canal walks and linear parkland. Demand is always the key, and for a home such as this there were 72,379 searches on Rightmove last month that would have put this house in front of potential tenants, so providing the house is prepared and shown to its best then it will have every chance for renting at around £1095 PCM, a healthy 5.4% yield.

 

 

 

 

http://www.rightmove.co.uk/property-for-sale/property-51960691.html

If you are one of the hundreds of investors reading this blog daily, why not take the next step and give us a call to see how we could assist you in your search for potential investment properties - or to ask about our thoughts on your own choices - call us now on 01908 562582, or pop along to our offices for a more detailed chat about your requirements and how we can help you.

 



 

 

 

miltonkeynes.enquiries@belvoirlettings.com

It's all about the schools - Monkston 3 bed semi at £230k with 5.5% yield

We always say that anyone looking to buy a family sized home as an investment property should be guided by the quality of the schools, and this one wins the prize for location....

 

 

 

 

 

 

In the very sought after Monkston estate, this house could do with a little work to neutralise some colours, maybe modernise the kitchen and tidy up the garden and it can be on the rental market without any delay. With a price of £230k, we would put this up for rental at £1050 and expect to get very close to this figure, resulting in a yield of around 5.5%. The main draw here will be the schools - Monkston Primary for the younger children is just a few streets away and has a great reputation, and Oakgrove Secondary School is within 5 minutes walk, this also is highly regarded and offers a very modern site including public gym and sports hall. As a sweetener, there is also a Waitrose over the road which is just a year old along with a range of new shops opening, including a Costa Coffee - this is the sort of demographic the local area attracts, and why prices are as high as they are.

 

 

http://www.rightmove.co.uk/property-for-sale/property-46822819.html?premiumA=true

 

 

Families will flock to this location for all the above, and the beautiful park and playing fields at the heart of the estate give children somewhere to run around, Mums will be catered for with the excellent and varied shopping across in Kingston, and the whole family will love the multiple chains of restaurants also within walking distance.

 

If you are one of the hundreds of investors reading this blog daily, why not take the next step and give us a call to see how we could assist you in your search for potential investment properties - or to ask about our thoughts on your own choices - call us now on 01908 562582, or pop along to our offices for a more detailed chat about your requirements and how we can help you.

 



 

 

 

miltonkeynes.enquiries@belvoirlettings.com

Another Furzton 3 bed famil home, £200k with 5.7% yield

Here we have yet another of those solid 3 bed houses from the late 1980s on Furzton - where else could you get a decent 3 bedroom house plus garage on a nice estate for around £200k?

 

 

 

  

At this price it is great value for money, you would be able to have this on the rental market quite quickly once you have repaired the fence, although to take some of the years off it you would perhaps consider updating the kitchen as well. With an anticipated rent level of £950 PCM this would show a 5.7% yield, more than acceptable for a property of this size and specification and a quite realistic budget for a family sized house.

 

 

 

  

 

Around 921 searches were specifically performed for a property of this specification on Furzton by name last month, whilst over 70,000 looked for a house like this in any location citywide. Family sized 3 bed homes always attract longer term tenant families due to school catchments and the need for stability, so once they are in they are highly likely to stay for a good few years, this adds some comfort to you with fewer re-let and re-marketing fees over the life of the house, another benefit to you as the landlord.

 

 

http://www.rightmove.co.uk/property-for-sale/property-49163464.html?premiumA=true 

If you are one of the hundreds of investors reading this blog daily, why not take the next step and give us a call to see how we could assist you in your search for potential investment properties - or to ask about our thoughts on your own choices - call us now on 01908 562582, or pop along to our offices for a more detailed chat about your requirements and how we can help you.

 

 

 

 

miltonkeynes.enquiries@belvoirlettings.com

Back on the market - stunning and unusual 2 bed house, Redhouse Park now £210k with 5.3% yield

We first spoke about this property in July in this blog, and it seems the sale has fallen through and it is now back on the market at a revised price.....

 

 

 

 

 

 

It is still as unusual and unique as it ever was, and the area has in fact built up a little more over the summer, yet it still appeals to the same professional tenant and at around the same rental price today - perhaps it could rent for a touch higher in the New Year, but right now the market is about to slow down as a natural consequence of the impending Christmas break.

 

So if you missed out first time around then get yourself along for a viewing, I'm sure you will be as impressed as we were at the flexible layout.

http://www.rightmove.co.uk/property-for-sale/property-55486340.html

If you are one of the hundreds of investors reading this blog daily, why not take the next step and give us a call to see how we could assist you in your search for potential investment properties - or to ask about our thoughts on your own choices - call us now on 01908 562582, or pop along to our offices for a more detailed chat about your requirements and how we can help you.

 



 

 

 

miltonkeynes.enquiries@belvoirlettings.com

Great value - Oldbrook 3 bed house with conservatory, £225k with 5.3% yield

Close to the centre of town and the train station, yet still in suburbia, this 3 bed family home could be a great investment for someone looking for an inexpensive family friendly home.

 

 

 

 

 

Only one external photo is shown, but if you study the floor plan you will see it has a full width conservatory to add to its appeal, and the integral garage adds some flexibility for the future if you wish to convert this to another reception room. On sale now for £225k, this is a lot of house for the money, and would appeal to families with children at one of the two secondary schools just across the road, or where one partner works in Central Milton Keynes or has to take a train to work. At a current rental value of at least £995 PCM, this represents a yield of at least 5.3% possibly rising to 5.6% if the market is strong enough. This part of Oldbrook is a decent residential area which is much in demand, and with a great range of shops including Lidl & Tesco within walking distance it offers pretty much all of the facilities a growing family would need on their doorstep.

 

 

 

http://www.rightmove.co.uk/property-for-sale/property-51744505.html

 

 

If you are one of the hundreds of investors reading this blog daily, why not take the next step and give us a call to see how we could assist you in your search for potential investment properties - or to ask about our thoughts on your own choices - call us now on 01908 562582, or pop along to our offices for a more detailed chat about your requirements and how we can help you.

 



 

 

 

miltonkeynes.enquiries@belvoirlettings.com

Repossession in Bradwell Village - 2 bed house, £188K best offer with 5.4% yield

Anyone looking for a bargain, this could be it - a 2 bedroom house with garage and conservatory, on a quiet estate yet within walking distance of Milton Keynes train station and a large retail park.

 

 

 

 

 

 

 

The details of this are a bit thin on the ground, but if you speak with the agent I'm sure they can advise you on such things as the state of the boiler, internal decoration, any outstanding repairs and of course arrange an internal viewing for you. Even if the price shoots up close to £200k, this is still a viable investment opportunity, and prices in this street for similar house have risen from around £160k in 2013 which is a 17% increase, very much inline with the market average increase across the city. Decent 2 bed houses are always popular, so don't be put off if this needs some work, because it will repay you in time providing you update it correctly and sensibly, and appropriate for the target market. Rents today for this house in a properly prepared condition would be around £850 PCM, and show no signs of easing at the moment, so do give it some serious thought as it is a very good long term buy-to-let opportunity.

 

 

If you are one of the hundreds of investors reading this blog daily, why not take the next step and give us a call to see how we could assist you in your search for potential investment properties - or to ask about our thoughts on your own choices - call us now on 01908 562582, or pop along to our offices for a more detailed chat about your requirements and how we can help you.

 



 

 

 

miltonkeynes.enquiries@belvoirlettings.com

Bletchley/Fenny Stratford border, 3 bed house at £195k with 5.7% yield

This property has an open day coming up this Saturday 17th October, and at this price is sure to generate some serious interest.

 

 

 

 

Located conveniently between the centre of Bletchley & Fenny Stratford, and in a close with off road parking and a garage, this could be a great entry price for a 3 bed house. We would tentatively expect to rent this for around £925 PCM, a yield of 5.7% at least, but being an urban location there will be a mixed response to this - some will want that, but for others it may be off putting, so think hard about this and check out the location. It is within walking distance of the retail parks on Watling Street as well as Fenny Stratford train station, and a slightly longer walk to the train station in Bletchley. It all looks to be in reasonable order, so do get along and find out why they are having an open day, it has to be worth 15 minutes of your time.....

 

 

 

 

 

http://www.rightmove.co.uk/property-for-sale/property-33913632.html

If you are one of the hundreds of investors reading this blog daily, why not take the next step and give us a call to see how we could assist you in your search for potential investment properties - or to ask about our thoughts on your own choices - call us now on 01908 562582, or pop along to our offices for a more detailed chat about your requirements and how we can help you.

 



 

 

 

miltonkeynes.enquiries@belvoirlettings.com

Solid, spacious 3 bed house in Wolverton, £215k with 5.9% yield possible

These huge family sized homes are very popular in this area, and with off road parking for 2 cars to the rear, this one really works.

 

 

 

 

 

 

There are currently a small number of such houses for sale in this area, but this is the cheapest, and it may be reflected in some of the work that may be needed internally, so do get along and inspect it for yourself. At an asking price of £215k this wouldn't hurt if it needed some further investment and would still show a healthy return on investment, and with an anticipated rental value of £1050 PCM this would show a 5.9% yield, very good for such a lot of property. With no upper chain, multiple reception rooms, 2 bathrooms and all the essentials in place (UPVC windows, gas central heating, upstairs bathroom, utility off the kitchen) this won't last long at this price, and demand will be high from potential tenants - last month, the 3 bedroom houses at this price level and on these handful of terraced streets had 3034 searches on Rightmove alone.

 

 

 

 

 

If you are one of the hundreds of investors reading this blog daily, why not take the next step and give us a call to see how we could assist you in your search for potential investment properties - or to ask about our thoughts on your own choices - call us now on 01908 562582, or pop along to our offices for a more detailed chat about your requirements and how we can help you.

 



 

 

 

miltonkeynes.enquiries@belvoirlettings.com

Keenly priced - 2 bed apartment on Westcroft, £168k with 5.7% gross yield

Apartments are popular amongst younger single professionals who just don't have the time or inclination to manage a garden, and this one is very nice (once you see past the pink and purple paint!)....

 

 

 

 

 

Located in Westcroft, on the western side of town, but still just 6-8 minutes drive away from the centre and the train station, this property is in a quiet cul-de-sac but with a wide range of local shops such as Morrisons, Boots and a range of smaller everyday shops all within just a couple of minutes walk.

 

 

 

 

 

 

 

On the retail market today at 'offers in the region of £168k' this is actually quite good value considering they sold for between £155k and £174k when newly built in 2005 - someone else has ridden out the credit crunch and taken the initial hit already, so you can now purchase this in a much stronger marker and enjoy the potential future capital increase throughout your ownership. I would suggest that the strong and bright colours on the walls should be toned down to a much more neutral and calming palette more appropriate to the rental market, at which point this could rent for around £795 per month if not a little more, a gross yield of around 5.7%.

 

 

 

 

 

http://www.rightmove.co.uk/property-for-sale/property-51516784.html

 

If you are one of the hundreds of investors reading this blog daily, why not take the next step and give us a call to see how we could assist you in your search for potential investment properties - or to ask about our thoughts on your own choices - call us now on 01908 562582, or pop along to our offices for a more detailed chat about your requirements and how we can help you.

 



 

 

 

miltonkeynes.enquiries@belvoirlettings.com

Another beautiful Newton Leys 3 bed house, £265k with up to 5.4% yield

There is nothing for ages then two come along at once - have a look at another great house on the ever growing development at Newton Leys....

 

 

 

 

 

 

Such a beautiful house would surely make any landlord a nice income and make any tenant proud to call it their home. With 3 bedrooms, generous living space, parking for 4 cars (yes, 4) and a nicely maturing and decent sized garden, I think this one has it all.

 

 

 

 

 

With an asking price of £265k you would pay little more than the last one we showed just over a week ago, but you do get such a high level of finish and internal specification. All of the things we said then about the location and the sort of people this would attract still apply to this house, but I think on balance this one has the edge and is a notch higher on the 'demand' scale. I would suggest a marginally higher rent of £1175-1195 PCM due to the extra parking, better garden and nicer, more spacious feel to the property - if met, that higher rent would give a yield of up to 5.4% but with nothing more to do before putting it onto a very hungry rental market.

 

 

 

 

Can you see the attraction here?

 

 

 

http://www.rightmove.co.uk/property-for-sale/property-36606873.html

If you are one of the hundreds of investors reading this blog daily, why not take the next step and give us a call to see how we could assist you in your search for potential investment properties - or to ask about our thoughts on your own choices - call us now on 01908 562582, or pop along to our offices for a more detailed chat about your requirements and how we can help you.

 





 

 

 

miltonkeynes.enquiries@belvoirlettings.com