Thursday, 14 November 2013

1 Bed potential BTL property in Sileby


1 bed at £69,950
 
This one is on the market at a low price. Given that it's a character cottage and has central heating this should make a good buy to let property.
There are a lot of tenants looking for cheap and affordable property and the village that this is located in has a rail station and good access to the A6 dual carriageway which in turn gives onto the A46 dual and the M1 (+ East Midlands Airport).
Rented at £425 pcm it should attract interest quickly and produce a gross yield of 7.3%. It may rent at more and it may be possible to get it at a lower asking price increasing the yield.
I would recommend renting this out as unfurnished.

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