This weeks ‘buy to let’ suggestions…
1. Somerby Close, Stamford.
This property has just come to the market and caught our eye immediately! In a good location close to schools and amenities and not too far from the town and judging by the agents description and photographs is ready to go straight to the rental market. We’d expect to achieve £650pcm and based on an asking price purchase would see a potential net yield of 5.06% which is a great return for Stamford.
2. Lale Walk, Wittering.
Located between Stamford and Peterborough and we’ve always strong demand for rental properties here. The property does seem good value for money given its apparent condition will prove to be an ideal buy to let investment. We’d expect a monthly rental of £595 and based on an asking price purchase would offer a net 4.86% return.
3. Kestrel Road, Oakham
Improved modern semi detached house in a highly sought after development close to Oakham town centre and a haven for ‘professional’ tenants. Not the greatest return at 4.37% based upon an asking price purchase and a monthly rental of £650 but if you could be successful with an offer this will improve but nether less an area that will always see good long term gain.
At Osprey Lettings, we always keep an eye on the local markets for attractive ‘buy to let’ investments available for sale with the areas estate agents. We try to focus on properties with a mixture of good yield (for the area), potential long term capital growth and of course within areas where we know that rental demand is strong. If you’re a first time or experienced investor and would like to discuss any of these or indeed any other property you might be considering, please do contact us.