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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

Michael Fredriksson

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