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.
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.
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