Tuesday 27 October 2015

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.
 
 






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

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