What an investment!
Some times we look too much at yields, but we as landlords forget that the properties that let quickly, attract good tenants (who look after the property as if its their own) and tenants who live long term. It is actually this mix of factors that lead to higher returns on your buy to let investment. Also going for properties in areas where we may think there is a lower ‘yield’ is usually where property values will rise higher proportionately and generate higher capital returns.
This area of South Shore has always experienced high demand from professional families, tenants and buyers. Great schools, overlooking a a park, close to a retail park, motorway links, Highfield Road (for all amenities, restaurants, cafes and bars) and sea front. Three bedrooms here, will always experience a high demand.
This property requires modernising, allowing you to purchase at below the average price on the street (£140 000 – £150 000), creating equity in your investment and also allowing you to modernise for your future tenant.
Rents range in the area between £650 and £725. On the market with Entwistle Green:
This property will make a great buy to let investment.