This week there’s a nice little buy-to-let opportunity of a 4 bed house in Glascote at a purchase price of £90,000, this is courtesy of our good friends Barstow Eves and is advertised on Zoopla.
This house would be ideal for a family of renters who were on the Local housing authority scheme. I would expect that you could achieve rent of £8874.84 per annum and paying £90,000 would get a healthy yield of 9.86%
The house looks as though it needs some TLC, but I would hope that your costs would be relatively low to get the house in a reasonable condition. Unfortunately Bairstow Eves have only taken one photograph so without a viewing it’s difficult to confirm the condition of the interior. The house is currently vacant so you may be able to get this for a lower than advertised price, making an even better yield. Full details can be found via the following link:
On the other hand if you were looking for private renters, this 4 bed house in Brambling, Wilnecote is in immaculate condition and will always attract renters. The house which is being advertised with Mark Evans and advertised on Zoopla would bring you in an annual return of 6.95%. Still a nice little earner.
I would expect you to achieve rent of £11,400 per annum if you were able to purchase the house for £164, 000, the house has been on the market since February and you may have a little room to negotiate from the current asking price of £164,950.
For an investor looking for a low-hassle purchase with renter demand, I don’t think you can go wrong.
Full details can be found via the following link:
If you would like to discuss your own property requirements, feel free to drop me a line, you don’t need to be one of our existing landlords.
If you are thinking of getting into the property rental market and don’t know where to start, speak to us for impartial advice and guidance to get the best return on your investment. For more information about other potential investment properties that we could introduce you to, or to ask about our thoughts on your own investment choices, call us now on 01827 425195, you can always email me on Lorraine@hallandthompson.co.uk
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