Modern family homes will always attract long term tenants, and this one is rather good and should provide years of service.....
Located on a modern street within the historic village of Simpson, this family sized home has all the elements that would be required to make life comfortable and accommodating - downstairs WC, garage, en-suite bathroom to master, 3 good sized bedrooms and in a quiet cul-de-sac. With an asking price of around £270k, you get quite a lot of house for the money here, and being relatively new (late 2005) there should be no hidden horrors beneath the surface, but we would always advise a gas safety inspection anyway as a health check of the boiler and associated heating system, as it could be the best £150 you will spend.
With a rental value today of around £1195 PCM, the return of 5.3% here is quite good given that you will also see above average capital growth on such a property over the coming years. Previously we have had 3 consecutive years of very close to 10% annual growth, if this were to continue it would mean your asset would be worth nearly £300k by summer 2017 - could you get that sort of return from a savings account at your bank?
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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