Little Investment For A First Time Landlord On Kitwood Avenue – Dordon, Tamworth.

Welcome back readers! I’ve got a property to share with you today that’s a bit of a mystery house in that it only has three pictures provided by Dixons – the agents managing the sale. We are advised that the property currently has a sitting tenant but is available to view by booking prior!

The property is on the market for offers of around £80,000 which for this type of property in the area is about average, it last sold in 2000 for £17,500. I would strongly suggest booking an appointment with the agents to see if there is any work that would need carrying out due to the lack of pictures provided.

The house contains an entry leading to a hall which leads upstairs to the three bedrooms and family bathroom. Downstairs the property comprises of a kitchen/diner area and living spaces, the exterior offers off road parking, (which is in short supply in the area!) as well as front and rear gardens.
The current rent paid by the sitting tenant hasn’t been provided and neither have any tenancy details so enquiring about this with the sales agent is imperative.
I would still put a lower offer in personally as the property has been on the market since the 14th of August and doesn’t seem to have had much interest, possibly due to having a tenant in-situ.

So a nice little property that may not have the highest of yields due to the current tenants rental payment but with the rising property prices and lack of affordable housing in Tamworth, capital gains on this one could potentially make up for that couple of percent loss in annual yields! On the other hand you could always look to bring the rent up the current market rates?

I hope you enjoyed this article be sure to comment and let me know!

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
Don’t forget to visit the links below to view back dated deals and Tamworth Property www.tamworthpropertyblog.co.uk

 



To view this property in full please visit the following link:
http://bit.ly/1Lnw8lD

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