Not 3, but 4 great buy-to-lets on this week's Rutland & Stamford property market..

With Oakham experiencing such a positive and buoyant rental market currently, I have selected 3 strong properties to consider this week, and 1 great property that's caught my eye in Stamford.

PROPERTY 1:

3 Bedroom Town House for Sale.  £199,950

Coleridge Way, Oakham.  On the market with Moores.

 

3 storey town houses have just started to creep over the £700pcm threshold in Oakham.  We have recently let one out at £725pcm on Kilburn End in Oakham and we were delighted with the amount of applications we received.  This property would probably fetch a similar amount £725pcm which would bring in a yield of 4.4%.  A decent return for a low maintenance property.

 

Price: £199,950
Rent: Approx. £725pcm
Yield: c4.4%

Click this link for more details on this property:

http://www.rightmove.co.uk/property-for-sale/property-61931453.html  

PROPERTY 2:
3 Bedroom Town House for Sale. Guide Price £175,000
Graffham Drive, Oakham.  On the market with James Sellicks Estate Agents.

Having spoken to the agents selling this property this week, you would be able to acquire the property at £170,000 and with a return of £695pcm the yield would come in close to 5%. An excellent property that should be low maintenance and great purchase for all new buy-to-let landlords.

Guide Price: £175,000
Rent: Approx. £695pcm
Yield: c5%

Click this link for more details on this property:

http://www.rightmove.co.uk/property-for-sale/property-54968572.html

PROPERTY 3:
2 Bedroom Apartment for Sale.  Guide Price £119,950
The Sidings, Oakham.  On the market with UPP Property Agents.

Having been reduced from £129,950 to now £119,950 and with a return of £550pcm on the rent, these properties on The Sidings are a tremendous purchase. The gross yield is 5.5% but, do remember you have to pay a service and maintenance charge with all leasehold properties that will eat in to your return.

You should still clear 4.5% yield with  this property and is definitely one that would let out easily.

 

Guide Price: £119,950

Rent: Approx. £550pcm

Yield: c4.5+%

 

Click this link for more details on this property:

http://www.rightmove.co.uk/property-for-sale/property-43995063.html



PROPERTY 4:
2 Bed Terraced House For Sale.  £155,000
Little Casterton Road, Stamford.  On the market with Newton Fallowell

An immaculate 2 double bedroom mid terrace property located close to town. This property would make a wonderful rental investment because the condition is excellent and the location is just as good. You can expect a rental return of c£625pcm which would bring in a yield of 4.8%. A very sensible first time investment also.

Guide Price: £155,000
Rent: Approx. £625pcm
Yield: 4.8%

Click this link for more details on this property:
http://www.rightmove.co.uk/property-for-sale/property-60336683.html


If you would like to discuss any of these in more detail, or if you are considering another property, please do get in touch with me.  I am here to help and will be glad to discuss any property with you.

UPP PROPERTY AGENTS
Understanding People and Property

We are here to help you buy, sell, rent and manage your own homes and property investments.

Email: david@upp-property.co.uk

Stamford: 01780 484 554      Oakham: 01572 725 825