24 January 2015

A nice little earner!

I recently found this little gem on Rightmove:

This would make a great little rental property.  The agent is suggesting a rental value of £775pcm but to be honest, we have several on this estate and they range anything from £750 to £850pcm, depending on the condition and specification.

I know I keep going on about ex council properties but, even on the figure of £775pcm, this property will offer you a yield of just over 6% which is about right for this area.

These properties always rent well, usually to families and most of our tenancies on this estate have all been long terms.  These properties appear to have been well built and will offer a good investment for years to come.

If you want any advice on good rental properties like this one, please pop in.

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