BTL Deal; Great family home investment · 24/11/2023
This attractive 4 bedroom detached home is up for sale, with tenants in-situ meaning that you could net a return from the first day you own the property.
The property is on the market with Heritage Estate Agents for £300,000, but would probably go for an offer of around £295,000. The property benefits from clean modern décor. The property has a garage as well as off street parking and a garden. The property has a fully fitted and fairly modern kitchen. It’s situated in a popular location.
If it does sell for £295,000, with a rent per calendar month of £975.00, you would return, annually, around 4% of your initial investment. This is a decent yield which is within the averages for the area, with a property that will benefit from good capital growth, around 3-6 percent over the next year meaning you could return up to 10% in your first year of ownership. On top of which, tenants going for a property of this nature, will generally stay put in one place for a lengthy period of time, which ultimately helps you, as an investor, suffer from less void periods and could give you a constant income where as some properties more suited to professionals will have a higher turnover of tenants which increases your chance of void periods between tenancies.
If you would like to discuss this post, or any other potential buy to let investment you are considering, please come and see us at our office on Whiteladies Road, or alternatively, call us on 01179 744 997, or email us at clifton@intire.co.uk
http://www.rightmove.co.uk/property-for-sale/property-52223032.html