This is such a good location in which to invest in a smaller family home, and this particular example looks ready to let as it is.....
Located on Walnut Tree, within easy walking distance of 3 schools, a vast range of shops, a Doctors surgery and pharmacy, and with gas central heating and a huge garden, this property is calling out to young families or couples wishing to have children shortly. Long term capital growth is the real benefit of this property, as it will ALWAYS be popular and in great demand from tenants, so if it is kept in good order it will never be without a paying tenant family, as this location is a magnet for them with so much to offer.
The asking price of £215k seems reasonable given the condition of the property but try to get a little knocked off, as we have now passed the mad rush to beat the stamp duty deadline for purchasers of a second or investment property, but with a rental yield of 5% at £895 PCM today, this at least represents a good return and in a fairly safe location when it comes to future rental potential. Why do I say that - because literally over the road is The Open University which employs thousands of people, many of whom are new to the area and want to be close by in a decent property. There is also excellent road access via the A5, A421 and M1 all located very close by, along with numerous other great local employers with world class reputations, such as John Lewis at Magna Park, Red Bull Formula 1 racing team at Tilbrook and Mercedes Benz Finance at Caldecotte to name but a few.
If you struggling to find anything decent on the property market and need a little help finding potential bargains 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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