This semi-detached house complete with conservatory is situated in the heart of Tamworth and a stones throw away from several Ofsted 2* rated primary schools….1 being outstanding.
The location is an ideal choice for buy to let investment as this area has a very high tenant population. Located half a mile from Tamworth train station; the Snowdome; castle grounds and Ventura Retail Park, it’s a hit with prospective tenants.
This three bed semi is offered in what appears to be quite good condition. There are no internal photos.However, the property was advertised for sale in 2012 and those internal photos show a very pleasant interior.
Being an older style house, there’s plenty of space on offer. The accommodation is well planned and the front drive can safely accomodate several vehicles.
Rent achievable is £650 per calendar month, that will give you a net yield of 5.54% in year 1 taking into account professional fees and stamp duty.
The house last sold for 79K pre-recession (2005), it’s now being advertised at 140K, I’m sure this type of house will give you the balance of yield and good capital gain over the long term. At the end of the day, as a Tamworth landlord, you want to be making gains from both your rent and house price growth, particularly when you want to sell, because when combined, the rental yield and capital growth is what gives you the real return on your investment.