Latest News For Investors

Month: March 2016

2 Bedroom Semi-Detached in Exeter, Good Investment!

http://www.rightmove.co.uk/property-for-sale/property-37931367.html

Hi there Property hunters. Another superb property has come on the market with us.  It’s a 2 bedroom property and it’s on the market at £170,000.

The area admittedly isn’t everyone’s cup of tea, but if you picked it up and put it in a more desirable area, it would probably cost you around £240 – 250k, the rental levels would also be higher, so you would probably end up with a similar return at the end of it, but you would have a higher initial outlay. A 2 bed semi in this area would rent out for £675 pcm, which would give you a gross yield of 4.7%

Another factor to take into account when looking at a buy to let property is capital growth, a property in a less desirable area, may not grow in value as much as a property in a better area. If you would like any more advice on what to look out for when buying an investment property. Give me a call or drop me an e-mail exeter@northwooduk.com

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Great Starter Home or Investment!

Good morning everyone. We have hust been instrcuted on this 2 bedroom mid link home situated in the popular location of Exwick. The property would be ideal for investment or first time buyers and has accommodation comprising: Kitchen and lounge on the ground floor. The 1st floor has 2 bedrooms and bathroom. Outside there is a garden to the rear and allocated parking.

http://www.rightmove.co.uk/property-for-sale/property-39743964.html

The property does need some work, however, it is on the market at an asking of £129,000. Market rent is 625 pcm. This would generate you a gross yield of 5.8%, which in this market isn’t bad.

If you have any questions about investing in property, feel free to give me a call on 01392 435 130, or drop me an email exeter@northwooduk.com

 

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