September 28, 2016
three bedroom family home, heaton mersey
I’d like to draw your attention to this three bedroom detached property recently sold, which would have been a suitable buy-to-let investment.
It was on the market with Philip James for an asking price of £250,000 and although at first glance it isn’t something you’d associate as being a good buy-to-let investment there are some benefits that your average two up, two down won’t always offer. The rental income would be in the region of £850 per calendar month which is a yield of just less than 5%.
Any tenants you’re likely to attract would be families who tend to let for longer periods of times with minimal void periods which is very important for some landlords. Other buy-to-let investments with fewer bedrooms may have a higher turn over of tenant due to the profile of tenant typically being young professionals without children. So if longevity of tenure is most important for you when considering your next buy-to-let investment then please get in touch, I’d be more than happy to point you in the right direction.
Our office in on Moorside Road and I can be contacted on 0161 442 1118.