Back on the market - stunning and unusual 2 bed house, Redhouse Park now £210k with 5.3% yield

We first spoke about this property in July in this blog, and it seems the sale has fallen through and it is now back on the market at a revised price.....

 

 

 

 

 

 

It is still as unusual and unique as it ever was, and the area has in fact built up a little more over the summer, yet it still appeals to the same professional tenant and at around the same rental price today - perhaps it could rent for a touch higher in the New Year, but right now the market is about to slow down as a natural consequence of the impending Christmas break.

 

So if you missed out first time around then get yourself along for a viewing, I'm sure you will be as impressed as we were at the flexible layout.

http://www.rightmove.co.uk/property-for-sale/property-55486340.html

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.

 



 

 

 

miltonkeynes.enquiries@belvoirlettings.com

Great value - Oldbrook 3 bed house with conservatory, £225k with 5.3% yield

Close to the centre of town and the train station, yet still in suburbia, this 3 bed family home could be a great investment for someone looking for an inexpensive family friendly home.

 

 

 

 

 

Only one external photo is shown, but if you study the floor plan you will see it has a full width conservatory to add to its appeal, and the integral garage adds some flexibility for the future if you wish to convert this to another reception room. On sale now for £225k, this is a lot of house for the money, and would appeal to families with children at one of the two secondary schools just across the road, or where one partner works in Central Milton Keynes or has to take a train to work. At a current rental value of at least £995 PCM, this represents a yield of at least 5.3% possibly rising to 5.6% if the market is strong enough. This part of Oldbrook is a decent residential area which is much in demand, and with a great range of shops including Lidl & Tesco within walking distance it offers pretty much all of the facilities a growing family would need on their doorstep.

 

 

 

http://www.rightmove.co.uk/property-for-sale/property-51744505.html

 

 

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.

 



 

 

 

miltonkeynes.enquiries@belvoirlettings.com

Repossession in Bradwell Village - 2 bed house, £188K best offer with 5.4% yield

Anyone looking for a bargain, this could be it - a 2 bedroom house with garage and conservatory, on a quiet estate yet within walking distance of Milton Keynes train station and a large retail park.

 

 

 

 

 

 

 

The details of this are a bit thin on the ground, but if you speak with the agent I'm sure they can advise you on such things as the state of the boiler, internal decoration, any outstanding repairs and of course arrange an internal viewing for you. Even if the price shoots up close to £200k, this is still a viable investment opportunity, and prices in this street for similar house have risen from around £160k in 2013 which is a 17% increase, very much inline with the market average increase across the city. Decent 2 bed houses are always popular, so don't be put off if this needs some work, because it will repay you in time providing you update it correctly and sensibly, and appropriate for the target market. Rents today for this house in a properly prepared condition would be around £850 PCM, and show no signs of easing at the moment, so do give it some serious thought as it is a very good long term buy-to-let opportunity.

 

 

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.

 



 

 

 

miltonkeynes.enquiries@belvoirlettings.com

Bletchley/Fenny Stratford border, 3 bed house at £195k with 5.7% yield

This property has an open day coming up this Saturday 17th October, and at this price is sure to generate some serious interest.

 

 

 

 

Located conveniently between the centre of Bletchley & Fenny Stratford, and in a close with off road parking and a garage, this could be a great entry price for a 3 bed house. We would tentatively expect to rent this for around £925 PCM, a yield of 5.7% at least, but being an urban location there will be a mixed response to this - some will want that, but for others it may be off putting, so think hard about this and check out the location. It is within walking distance of the retail parks on Watling Street as well as Fenny Stratford train station, and a slightly longer walk to the train station in Bletchley. It all looks to be in reasonable order, so do get along and find out why they are having an open day, it has to be worth 15 minutes of your time.....

 

 

 

 

 

http://www.rightmove.co.uk/property-for-sale/property-33913632.html

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.

 



 

 

 

miltonkeynes.enquiries@belvoirlettings.com

Solid, spacious 3 bed house in Wolverton, £215k with 5.9% yield possible

These huge family sized homes are very popular in this area, and with off road parking for 2 cars to the rear, this one really works.

 

 

 

 

 

 

There are currently a small number of such houses for sale in this area, but this is the cheapest, and it may be reflected in some of the work that may be needed internally, so do get along and inspect it for yourself. At an asking price of £215k this wouldn't hurt if it needed some further investment and would still show a healthy return on investment, and with an anticipated rental value of £1050 PCM this would show a 5.9% yield, very good for such a lot of property. With no upper chain, multiple reception rooms, 2 bathrooms and all the essentials in place (UPVC windows, gas central heating, upstairs bathroom, utility off the kitchen) this won't last long at this price, and demand will be high from potential tenants - last month, the 3 bedroom houses at this price level and on these handful of terraced streets had 3034 searches on Rightmove alone.

 

 

 

 

 

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.

 



 

 

 

miltonkeynes.enquiries@belvoirlettings.com

Keenly priced - 2 bed apartment on Westcroft, £168k with 5.7% gross yield

Apartments are popular amongst younger single professionals who just don't have the time or inclination to manage a garden, and this one is very nice (once you see past the pink and purple paint!)....

 

 

 

 

 

Located in Westcroft, on the western side of town, but still just 6-8 minutes drive away from the centre and the train station, this property is in a quiet cul-de-sac but with a wide range of local shops such as Morrisons, Boots and a range of smaller everyday shops all within just a couple of minutes walk.

 

 

 

 

 

 

 

On the retail market today at 'offers in the region of £168k' this is actually quite good value considering they sold for between £155k and £174k when newly built in 2005 - someone else has ridden out the credit crunch and taken the initial hit already, so you can now purchase this in a much stronger marker and enjoy the potential future capital increase throughout your ownership. I would suggest that the strong and bright colours on the walls should be toned down to a much more neutral and calming palette more appropriate to the rental market, at which point this could rent for around £795 per month if not a little more, a gross yield of around 5.7%.

 

 

 

 

 

http://www.rightmove.co.uk/property-for-sale/property-51516784.html

 

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.

 



 

 

 

miltonkeynes.enquiries@belvoirlettings.com

Another beautiful Newton Leys 3 bed house, £265k with up to 5.4% yield

There is nothing for ages then two come along at once - have a look at another great house on the ever growing development at Newton Leys....

 

 

 

 

 

 

Such a beautiful house would surely make any landlord a nice income and make any tenant proud to call it their home. With 3 bedrooms, generous living space, parking for 4 cars (yes, 4) and a nicely maturing and decent sized garden, I think this one has it all.

 

 

 

 

 

With an asking price of £265k you would pay little more than the last one we showed just over a week ago, but you do get such a high level of finish and internal specification. All of the things we said then about the location and the sort of people this would attract still apply to this house, but I think on balance this one has the edge and is a notch higher on the 'demand' scale. I would suggest a marginally higher rent of £1175-1195 PCM due to the extra parking, better garden and nicer, more spacious feel to the property - if met, that higher rent would give a yield of up to 5.4% but with nothing more to do before putting it onto a very hungry rental market.

 

 

 

 

Can you see the attraction here?

 

 

 

http://www.rightmove.co.uk/property-for-sale/property-36606873.html

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.

 





 

 

 

miltonkeynes.enquiries@belvoirlettings.com

Great value! Furzton 3 bed house, £210k with 5.4% yield

Every month that passes by, these fairly solid 3 bed houses from the late 1980s on Furzton become better value - where else could you get a decent 3 bedroom house plus garage on a decent estate at this price?

 

 

 

 

 

On the market today for £210k which is great value for money, you would be able to have this on the rental market with virtually nothing else needed except the usual legal compliance issues addressed, and with an anticipated rent level of at least £950 PCM this would show a 5.4% yield, quite acceptable for a property of this size and specification.

 

 

 

 

 

 

 

So who wants a 3 bedroom house around here? Well 921 searched specifically for Furzton by name last month, whilst 70,535 looked for a house like this anywhere across Milton Keynes. Family sized 3 bed homes always attract longer term tenant families as well, so once they are in they are highly likely to stay for a good few years, this adds some stability to you with fewer re-let and re-marketing fees over the life of the house, another benefit to you as the landlord.

 

 

http://www.rightmove.co.uk/property-for-sale/property-51444622.html

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.

 





 

 

 

miltonkeynes.enquiries@belvoirlettings.com

Auction alert! 3 bed house in Newport Pagnell opposite the ONLY Secondary school in town - guide price £225k, yield around 5.6%

Today's offering is going up for auction on 12th October, and as you can see from the photos it will require a full refurbishment, but the location here is what will sell this - directly opposite the only secondary school in Newport Pagnell, this is sure to be popular amongst families with school age children who wish to take up a long term tenancy measured in years.

 

I would budget up to £15k for the works it will require, because doing so now will future proof the property and put it at the top of the table for 3 bedroom houses in the area, so you will see a return on this investment and of course there is the future capital growth to consider, as a location such as this will always be in demand on both the rental and sales market.

Once renovated, I would expect this to rent for around £1050 PCM, and if your total investment including modernisation came to £240k, this would generate a yield of around 5.3%, but more than that it would give you one of the best houses on the whole estate.

 

 

http://www.rightmove.co.uk/property-for-sale/property-36585732.html

barnardmarcusauctions.co.uk
 

 

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.

 





 

 

 

miltonkeynes.enquiries@belvoirlettings.com

Unusual 2 bed apartment with garage on Bluebridge, £170k with 5.6% gross yield

Bluebridge is a very quiet location, consisting of just a handful of streets and has a very peaceful ambience, perfect for those that seek some tranquillity after a long day at work.

 

 

 

 

 

 

This property has benefitted from a number of very useful and costly improvements over its lifetime, such as UPVC double glazing & gas central heating, along with the provision of a single garage and a large pleasant communal garden - this therefore offers quite a lot for the money, and given a quick paint here and there to neutralise some of the colours it should then rent quite quickly given the strength of today's rental market. We have let two similar properties on this estate over the summer, and they were very popular indeed, both attracting good quality professional tenants who chose not to live in the hustle and bustle of a larger estate.

 

 

 

 

 

 

Offered for sale right now at a shade under £170k, we would suggest a rental valuation of around £795 PCM which is a gross yield of 5.6%. Knowing the market as we do, we are currently finding it very difficult to get anything with 2 beds in a decent area for less than this, so if you are looking for an entry price 2 bed property then this could be the one for you. If this was on our rental stock today, our existing database has at least 6 applicants looking for just such a property, and we would be able to conduct viewings without delay and potentially have a tenant secured within days.

 

http://www.rightmove.co.uk/property-for-sale/property-51641041.html

If YOU want to be the first to know about what would make a great Buy To Let investment that is currently available either on the open market or via our own sources (landlord to landlord sales etc), call or email us now and get your name put on our Premier Investor list on 01908 562582, pop through the door of our offices on London Road in Stony Stratford or send me an email.





 

 

 

miltonkeynes.enquiries@belvoirlettings.com

New development in Newton Leys, £250k for 3 year old 3 bedroom house, 5.5% yield possible

Today we are showing a decent, modern, family sized home in the relatively new development of Newton Leys, sitting on the extreme southern edge of the city.

 

 

 

 

 

If you want to minimize your exposure to repairs and maintenance, a nearly new property is the way to go. Why nearly new and not brand new though? Once a property has been completed, there will always be a period shortly afterwards where the first owner or tenant has to snag, or fault find, because it is inevitable that there will be faults, loose fittings, things that don't work or were not connected, and they can only really be found by living there. On a nearly new property, this pain will have already been endured by the first owner, leaving you and your future tenants in relative peace to enjoy the building as it was designed.

 

 

 

 

 

 

Back to this particular house then - offered for sale today at £250k, when presented to the rental market (and it should need virtually nothing doing to it before hand), we would expect this to rent for around £1150 PCM, a respectable 5.5% yield on a great family home. But what about capital growth? This property was last on the market in 2012 and sold for £210k back then, if it reached the asking price today that would represent a 19% increase in value for the current owner - compared to the local market average growth of 17% over the past 2 years this is still decent amount of growth on a relatively new house, and over the coming years there will be schools, shops and other leisure facilities coming on line to make this a fully functioning community in it's own right, so demand will continue to increase from families wanting to live in such a nice, modern location.

 

 

 

 

http://www.rightmove.co.uk/property-for-sale/property-34712709.html?premiumA=true

If YOU want to be the first to know about what would make a great Buy To Let investment that is currently available either on the open market or via our own sources (landlord to landlord sales etc), call or email us now and get your name put on our Premier Investor list on 01908 562582, pop through the door of our offices on London Road in Stony Stratford or send me an email.





 

 

 

miltonkeynes.enquiries@belvoirlettings.com

Just Wow!! Superb 1 bed house with garden on Emerson Valley, £150k with 5.6% yield

How nice is this little 1 bed home - it could be the perfect addition to any portfolio, or just a great way to get onto the buy-to-let property ladder for a beginner.

 

 

 

 

 

 

These 1 bed houses are ALWAYS popular, so much so that we could fill our books with them and still have more applicants than properties. This one comes not only with a beautiful garden, but also gas central heating, which effectively makes this property not only right up to date but future proof, and any new owner would have nothing further to do in order to put in straight onto the rental market.

 

 

 

 

 

 

At an asking price of £150k this is a strong asking price, but look at what you get and it suddenly appears great value. On todays rental market, we would happily put this straight on at around £725 PCM because it is a fantastic house in a great area, and it would attract a young professional single person or couple looking for their first house together. Demand is very high for properties such as this, last month there were 77,112 searches that would have put this house in front of Rightmove users, and it would take just a very small percentage of those to get through the door before falling head over heels for this as their next home.

 

 

 

 

Can you see the appeal here? If so, click the link and speak to the vendor to book your slot on the open day.

 

 

http://www.rightmove.co.uk/property-for-sale/property-54748274.html

 

 

 

If YOU want to be the first to know about what would make a great Buy To Let investment that is currently available either on the open market or via our own sources (landlord to landlord sales etc), call or email us now and get your name put on our Premier Investor list on 01908 562582, pop through the door of our offices on London Road in Stony Stratford or send me an email.





 

 

 

miltonkeynes.enquiries@belvoirlettings.com

Great starter home! 1 bedroom maisonette on Walnut Tree, £135k with 5.8% gross yield

Smaller properties on Walnut Tree are very popular, as you have some great local employers right on the doorstep and often have professional people moving in and out of jobs here, but they don't want to be far away from work or an area they know.

 

 

 

 

 

 

This first floor 1 bedroom maisonette offers all that one might need, whether it be for a single professional or a young couple looking to start out with their first little home. A decent kitchen and bathroom, coupled to a spacious front room in neutral colours & styles will ensure this attracts the right kind of tenant, and whenever we have such properties they don't stay on the market for very long at all, demand just never drops off for entry level properties. The rental value today would be around £650 PCM, so at a purchase price of £135k with no onward chain, this would represent a gross yield of 5.8%. I would expect this to re-let each time with no real problem, and at this level of the market there are always tenants looking, so don't worry about the size of any future market with this one.

 

 

 

 

http://www.rightmove.co.uk/property-for-sale/property-36130641.html

If YOU want to be the first to know about what would make a great Buy To Let investment that is currently available either on the open market or via our own sources (landlord to landlord sales etc), call or email us now and get your name put on our Premier Investor list on 01908 562582, pop through the door of our offices on London Road in Stony Stratford or send me an email.





 

 

 

miltonkeynes.enquiries@belvoirlettings.com

Central! Oldbrook 3 bed semi with garage, £235k with 5.4% yield

Close to the centre of town, yet still in suburbia, and with the benefit of a garden and garage, plus good secondary schools located just across the main road, this house surely deserves some consideration.....

 

 

 

 

 

 

 

On the outskirts of Oldbrook, far enough away from the noise and bustle of the shops, this street offers some decent quality housing stock and would be a great base from which to walk to work in Central Milton Keynes, or even to walk over to the train station and commute further afield. With family friendly features such as a downstairs WC, private garden and a garage, this would appeal to many growing families who are struggling to find a decent rental property right now.

 

 

 

 

 

 

Offered for sale today at £235k, I would certainly try to get around £5k off the asking price, but even so this would go on to the rental market right now at around £1050 PCM, a yield of at least 5.4%. Best of all, family homes such as this tend to attract tenants who wish to stay for a number of years whilst their children attend the local school, and the stability and dependability of a reliable long term tenant is something that all landlords look for, so give the market what it wants and enjoy a long, happy tenancy.

 

 

http://www.rightmove.co.uk/property-for-sale/property-50196119.html

 

 

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.

 

 





miltonkeynes.enquiries@belvoirlettings.com

Oldbrook entry level 2 bed house, £180k with 5.5% yield

The house today has only the one external photo, but provided it is in reasonable order internally it could well be worth the asking price, so please keep reading.....

 

 

 

 

 

 

Being located fairly close to the centre of town and the mainline train station, this smaller 2 bed house is quite typical of the numerous starter homes dotted around, and will surely appeal to a young family or young couple starting out in life. With an asking price of £180k, this is in the right ballpark for such a house in today's rising market, and subject to the internal condition being suitable, we would be happy to rent this for £825 PCM right now, which is a 5.5% yield from a fairly modest investment. Demand on 2 bedroom properties is very high, our last 2 properties on Oldbrook were over-subscribed by at least 10-15 applicants each, we even had to suspend taking enquiries on the second one as we were inundated. Across Milton Keynes, there would have been 91,682 searches in the last month would have resulted in this house being seen, and with a lot of light industrial factory units and warehousing jobs in the area, you will likely find your new tenants to be working in that industry, or maybe in retail or hospitality in the city centre.

 

At this price it won't hang around for long, so do arrange an early viewing to see if it is all it has the potential to be, because this could be a good long term investment for any portfolio.

 

http://www.rightmove.co.uk/property-for-sale/property-54687314.html

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.

 

 





miltonkeynes.enquiries@belvoirlettings.com