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.
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.
 |
No comments:
Post a Comment