Monday, 7 March 2016

This week's best Buy-to-let deals on the Rutland and Stamford property market..


Property 1)
4 Bedroom Detached House - Harriers Close, Cottesmore  £205,000
 
Family homes are hugely popular in today’s market. This property is brilliantly placed in Cottesmore which is highly sought after by the military rental sector. Currently achieving £740pcm and with a market for this property to achieve c£775pcm - £795pcm which would bring in a yield of 4.7% and the added benefit of capital growth. A solid investment for all first time landlords out there.

Purchase price: £205,000
Rental: £740pcm currently, could achieve £775-£795pcm
Call: Murray Estate Agents on 01572 366 021



Property 2)
2 Bedroom Semi-Detached House, Withers Close, Oakham £175,000
http://www.rightmove.co.uk/property-for-sale/property-40351146.html
 
Positioned within a good walking distance to the town centre and train station, these modern semi-detached properties are an excellent investment. They are modern, low maintenance and attract long term tenants which is is worth an extra £50pcm in their own right. Generating an income of c£595pcm - £625pcm this property is definitely one to consider.

Purchase price: £175,000
Rental: Approx. £595pcm - £625pcm
Call: Spencers Estate Agency on 01572 366 022
 

 
Property 3)
3 Bedroom Semi-Detached House, Kesteven Road, Stamford £189,950
 
A magnificent purchase for both the rental market and capital growth. The property itself could be extended very easily to provide 4 bedrooms but it is still a very big 3 bed semi detached as it stands.

I’d expect a return of £750pcm on this property and with the added benefit of a recently replaced boiler, double glazing and new conservatory the cost of owning this property long term would be low in comparison to other properties available. 


A hidden gem in the market at the moment.
 
Purchase price: £189,950
Rental: Approx. £750pcm

Call: Adrian McCarthy
UPP Property Agents on 01572 725 825
 
 

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