Quite often when we meet potential Landlords at a property they will say “I would want the house to be in a condition where I would live here myself”.
Well, this house that has very recently been reduced (on the 26th of January) by Taylor & Wood would definitely fit that bill.
Beautifully rendered externally, and finished to an excellent standard internally, this would be a house that would surely attract tenants if it was to hit the rental market.
The property has been finished with a fully tiled family bathroom, glass balustrade and modern decoration throughout, alongside a low maintenance rear yard/garden area.
But what about the yield?
In the area similar properties have been renting in the region of £650-675 per month, working on the lowest estimate and at the full asking price this would give you a 6.1% return, better than the banks are offering at the moment!
Added to the rental return is the high demand we are seeing for rental properties at the moment. Since the turn of the year we have been letting properties left, right and centre within days of hitting the market, and once of the most popular styles of houses has been the smaller, two-bedroom, terraced houses.
The house is currently on the market at £126,950 with Taylor & Wood, with the advert found here, give them a call if you want to head over to have a look. However, as always, if you would like a general chat about lettings, the rental market or a property you are looking to rent out then give me a call on 0161 427 0733.