Hmmmmmm, interesting is this one.Currently on the market in Great Close Road, Yarnton with Oliver James it is a property I know very well having overseen its rental history since 2009!
Getting down to it you can expect a rent of approx £795 on this one and against the asking price of £200,000 this represents a 4.7% yield. Internally it looks ok and from recollection (and our pictures) this was the case when we looked after it. A closer inspection may be necessary on this but if the correct terms are negotiated then it can work in your favour.
Here is the point of particular interest; this property sold recently in March 2015 for £180,000. Just over a year later it is on the market again. It is worth enquiring with the agent as to why this is the case but the bottom line is thus - it hasn't gone up £20,0000 just yet, so a deal could be in the offing here and if that is the case then the numbers work even better.
The property has no history of void from 2009 and a steady increase in rent year on year. It lets with minimum fuss and is situated in a quiet residential location.
Call me if you would like to discuss in more detail.
Best regards
Richard
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