I hope you are well and enjoying the weather. What more reason do you need to sit down with a cuppa in front of the PC and plot your next foray into the money making market?!!
I saw this one on the market with Chancellors, Botley which caught my attention.
Now I wouldn't normally look at new build because with new build property comes new build prices. Having said that if the numbers are on point then I don't have an issue with them! in fact if the numbers do work and the layout is right then there should be little to appreciate from a new build property.
On the market for £337,500 this property will fetch between £1250 and £1300 per calendar month which will see you hit 4.5% on the gross yield. There is no current evidence on capital appreciation or nothing of great note because they are new but that can work to your favour assuming you are in it for the long haul and not the fast buck!
To explain my point you need only look at the neighbourhood for similar 2 beds to see how they have been growing. Check this one out in the same development:Purchased at £269,950 on 23rd December 2014, it recently sold for £315,000 on the 4th March 2016. I have no doubt this was purchased at a 'deal' shall we say but even still the appreciation in such a short space of time is super impressive!
All in all it ticks the boxes. A great location, very neighbourly and safe, brand new throughout so it will be extremely low on the maintenance certainly in the first couple of years and the numbers are pretty decent too. If you can take this lower than its current asking price then you have yourself a real winner here.
Call me for more on this and others folks.
Richard
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