Wednesday 19 November 2014

A little gem in Springfield

When I saw this property this morning on Rightmove, I just had to put it out there for you all to see as the yield potential is great at 5.8%!!

Inside, it looks to have had some modernisation done over the last few years, there's a nice modern kitchen & shower room, the carpet may need replacing for something a bit more neutral, but that's not going to break the bank.  

The area again is great for rentals, we have had quite a few of these little properties come to the market for rent and they have always gone withing the first week. In recent months if any property comes to the market for rent, as long as it's well presented, clean and the rent is right it will let almost immediately, that's just how it is at the moment.

It has just come on to the market for £155,000, which is not a bad price, it seems to me that the vendors are being realistic. When you compare this to an achievable rent of £750 pcm, up pops your 5.8% return. Not too bad is it?

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