Properties
in this area usually attract long term tenants and this one should be no
exception.
Located within the historic village of Bradwell, this 2 bedroom home would appeal to the London commuter being within a short distance to CMK Rail Station. Having a good local primary school nearby and enclosed garden it would equally appeal to a young family just starting out. The house comprises an open plan lounge/diner, well presented kitchen and bathroom, a garage and off road parking. With an asking price of £205k we think there would be some room for negotiation and you should be able to get this for slightly under £200k. From the photos it looks in reasonable order and all it would likely need is a little redecoration to get it ready to let. We would always advise a gas safety inspection 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 £850 PCM, the return of 5.1% here is quite
good given that you will also an 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, and a recent report of 13% on last year. If this were to
continue it would mean your asset would be worth nearly £230K 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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