This is actually a property we here at RPS Estate Agents have just taken on today.
Now the first thing I’m going to say is that £249,950 might not be the normal investment level for a buy to let Landlord. But the reason I’ve selected this one is it’s unusual design. Tenants aren’t looking for a home to fall in love with, they tend to look practically and perhaps even use their rental journey as a way of living in different property types to get a feel for what they really would like to buy in the future.
This town house is Semi- Detached and is presently immaculately throughout! It has a real ‘show home’ feel about it. Another thing to note is that it is on the Botley Road (Park Gate/Swanwick) side of Whiteley – which makes it a lot easier to get in and out of during peek times!
In terms of rental return you would be looking at achieving around £975.00, so although this may only return around 4.7% Gross yield, it will always let well and has excellent links to the Junction 9 M27 motorway so will attract a huge number of professional Tenants.
You wouldn’t need to do an ounce of work inside and I would imagine from a maintenance point of view, especially as the property is only a few years old, it wouldn’t need any attention for quite some time!
