Here’s our pick of ‘buy to let’ recommendations for this week. As always, we try to focus on properties with a mix of good yield (for the area), potential long term capital growth and of course within locations where we know that rental demand is strong. If you are 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.
1. Carnegie Road, Wittering, Nr Stamford.
rightmove link;- http://www.rightmove.co.uk/property-for-sale/property-58474643.html
This property looks in good order throughout and being located between Stamford and Peterborough, will always offer a good, solid rental return as well as a steady level of capital growth.
Asking Price: £135,000
Potential Rent: £575pcm
2. Ladywell, Oakham, Rutland.
rightmove link;- http://www.rightmove.co.uk/property-for-sale/property-38657610.html
A well presented flat in a very popular location close to the town centre. Tenant currently in situ but the rental demand for this property will always be strong. This area has also proved to deliver steady capital growth over the years.
Asking Price: £117,500
Current Rent Paid: £495pcm
Current Yield: 5.06%
3. Coltsfoot Drive, Bourne, Lincolnshire
rightmove link;- http://www.rightmove.co.uk/property-for-sale/property-54111319.html
You’ll have to be quick on this one as it’s a repossession and an offer has already been submitted. Good location, great rental potential and an opportunity to purchase below market value!
Possible Purchase Price: £160,000
Potential Rent: £725pcm minimum
Potential Yield: 5.44%