26 June 2015

Picket Twenty rental potential

The new development at Picket Twenty has been under development for a few years now and is growing steadily.  There are a variety of properties available from flats to 5 bedroom houses.  A smart community centre has been provided by Test Valley Borough Council and is run by a group of local volunteers for local events and can be hired for private use.  It’s a great facility, all of which helps to build a real community spirit for the area.  Picket Twenty also has a church backed primary school call Pilgrims Cross.
As with most new build properties they take a very small amount of time to let with close proximity to the A303 only adding to the attraction of the area.  A three bedroom townhouse can be bought for around £270,000 and achieve a rental income of around £1200pcm giving a yield of around 5.3% which is quite respectable for houses in the Andover area.
Two bedroom coach houses can be purchased for around £160,000 and will generally let for around the £850pcm mark achieving an even better yield of around 6.3% per year.
This development is proving more and more popular with tenants giving Landlord the peace of mind that void periods are likely to be minimal.

If you are considering purchase a buy-to-let property but just want to double check before taking the plunge feel free to pop in to our Bridge Street offices and we will be happy to advise you. For more information on Picket Twenty head over to Test Valley Borough Council's information page on the site. 

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