Happy Thursday to you all.
Alot of activity around these parts in recent times on both the sales and rental front and to be honest it is just a very good location for renting.Currently on the market with Connells for £284,000 you can expect this property to fetch £1100 per calendar month or possibly £1125pcm. Your yield would equate to 4.6% against asking price, however the bit that interests me is the capital growth on these 2 beds.
From 2011 21 Firs Meadow went for £172k on the 4th November. It then sold again on the 12 December 2014 for £200k and finally it recently sold on the 13th May 2016 for £260k.
In a more extreme example number 12 Firs Meadow was purchased for £62,000 in 1997 and recently sold for £250k on the 14th April. That aside the growth is plain to see.
It looks internally sound from the photos. Maybe investment in a new electric shower is needed but other than that it looks good.
It would appeal to couples or a single professional with the second bedroom being a single but this is a still a huge market. I currently have in excess of 300 tenants searching under similar criteria so I dont anticipate concerns over long void periods either.
Call me for more. I have plenty of comparable evidence in this location. It has been a super location for us and very very popular with potential tenants.
On a final note we have also just listed one for sale in this location so if you are keen on learning more it would be good to hear from you.
Best
Richard
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