“BTL Opportunity!” One Bed Rental… With Guaranteed Potential! – Stonydelph, Tamworth.

Welcome back readers, I’ve got a quick little one bed semi to share with you all courtesy of our friends at Dixon’s Esate Agents. This fabulous pocket sized property is on the market for offers of around £90,000 and is currently one of the most sought after types of property coming onto the market and it’s not in a bad location!

Located in Stonydelph, this home offers all the pros of living in Tamworth with excellent road networks and the nearest train station (Wilnecote) being just a short drive away. Schools are near as are supermarkets however due to the size of the property it’s not for a family.

On this property you could earn a minimum of £450 per calendar month or as I have been informed Tamworth Council are re-launching the private Sector Leasing Scheme and are currently seeking this type of property to lease from private landlords on a 12 month contract. One of the great things about that is they will also cover all damage as well as conducting free gas and electrical safety checks and provide energy performance certificates – all at their expense. The catch is the maximum they will pay out for this is £393.90 per month – not bad all things considered as this is a guaranteed payment each month and will ensure that there aren’t any voids in your rental income.

That means if renting via the council you will achieve 5.25% versus a 6% privately renting annual yield second to this though it is important to remember that the council are offering a fantastic service that will cover damage and provide a regular income free of charge so it may be worth it for you, it is definitely something to consider. A source has told me the council are often happy to renew contracts after the 12 months is up, if that’s the way you decide you want to go.

Not sure is this one bed is worth 90K, then put in a very cheeky starting bid!

Hope you all enjoyed the article, it is something to think about over the weekend! Could that little loss in income be made up by the protections that the council are offering? Only time will tell – feel free to ask my opinion on it any time via the contact details below!
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

 

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