Tuesday, 6 January 2015

Over 8% return in Newton-Le-Willows...read on!

This property caught my eye as it is finished to a good standard and when a property like this comes along on the rental market it tends to get filled very quickly by a family who intend to stay for a long time so voids are very low, also the last one of these we rented, went for £595pcm.

The house is very close to Earlstown train station which has links running to manchester and liverpool, its also walking distance to the town and markets.
This house is on the market for £80,000, which seems fairly reasonable given the location. Once this has been calculated against the rental amount, it brings you up to a 8.9% annual return.

I have calculated the yield purely on the purchase cost and rental income, as going off the images published there does not seem to be any works that need to be done. It is a ready made investment, If you think smart you can also line potential tenants up whilst the sale is going through to reduce voids or avoid them completely

If you are a landlord, whether you deal with us or not, feel free to visit into our office on Crosfield Street to ask our opinion on which property investment is best for you, you can always call me, Tesh Patel on 01925 235 338 or email me on tpatel@hamlethomesproperty.co.uk.

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