I couldn’t let today go past without posting this property for you all to see, just in case it gets snapped up quickly!
http://www.rightmove.co.uk/property-for-sale/property-43575336.html
The property is very nicely presented and will appeal to a lot of potential tenants although it probably isn’t the style of property you would associate as a buy-to-let property immediately. Due to the size and style of the property it would appeal to families who tend to let for long periods of times, their budgets are also normally higher than those looking for the average two or three bedroom terrace.
It’s on the market with Philip James for £240,000 and I would expect the rental income to be in the region of £1000 per calendar month which is a yield of 5% which, admittedly, is slightly below the average yield in SK4 however the appeal with this property would be the longevity of the tenancy. Furthermore semi detached properties have accounted for 37% of house sales in the last 3 years, which indicates that demand for this type of property is high.
If you would like to have a chat about the property market and buying to let, feel free to pop in for a coffee.
