Our ‘buy to let’ recommendations for this week:
1. Drift Avenue, Stamford.
A good, solid rental investment given its location in being close to the college, hospital and an easy walk into town. Currently tenanted and so immediate income coming in. £595pcm sees a fair return for the area of 4.53%
2. Wreake Walk, Oakham
Another ideal ‘buy to let’ investment, again popular with both young families and professionals as close to primary schooling and an easy walk to the town, railway station and other amenities. The selling agents describes the property as having recently undergone refurbishment so should be ‘ready to go’. A monthly rental of £595 would see a return of 4.53%.
3. Lamberts Place, Stamford
This new development has just recently been released and is generating a lot of interest from property investors. We’ve appraised the whole development and current returns range between 4 – 5%. The rental demand for these properties will be extremely high and long term capital gain, as with all Stamford properties, will prove to be strong.
Investment within this particular development is highly recommended.
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.