Tuesday, 10 September 2013


2 double bedrooms at £120,000

This has just come onto the market with a Coalville agent. It's a 2 double bedroom house in Whitwick which is a well thought of village just outside Coalville.
 
Whitwick enjoys all the same good communications links as Coalville and this house would make a good investment for a number of reasons.
 
It appears to be in good order throughout with a clean white neutral bathroom. The kitchen appears sound and in good order with wooden doors on the units; these could be left or later swapped out for more modern doors and door furniture if you wanted. There are two double bedrooms which immediately opens up your market to 'sharers' rather than just a couple/couple with a young child. Outside it has low maintenance but very attractive front and rear gardens and it has plenty of off road parking and a large shed for storage.
 
This should rent at about £550 pcm and as a modern house you would expect low maintenance costs.
The advert doesn't make it clear what the heating and hot water system is so that's worth checking into. If it's necessary to put in central heating factor that into the equation.
 
At £550 pcm it makes a gross yield of 5.5%.

No comments:

Post a Comment