Deal of the Day - 3 Bed end of Terrace - Spout Way, Telford. Already let with a 6% gross yield - potential for more?

Good morning landlords...

DB Roberts are offering this already tenanted property in Malinslee Telford for £95,000.

Malinslee is a popular area for tenants as its very close to Telford Town Centre and some of the big employers in Telford, this in turn makes its popular for landlords.

Looking at this property I believe it could return a higher rental figure. Looking at my comparable rent archive there could be the potential to achieve £560-575 pcm which would give a return of 7%. Also, looking at the floor plan configuration there could be potential for changing the rooms to get better sizes.

Its currently let at £600 per month (giving you a 6% gross yield) so it looks ready to go.

See more at goo.gl/WPlk1O

Having purchased tenanted properties before there are some pitfalls to be aware of, so give me a call on 01952 306 444 if you would like some help or advice if you have never bought a property like this before.

Deal of the Day - 4 bed Terraced House, Deepdale, Hollinswood, Telford - Great Location for Telford Town Centre

Just come onto the market with Tempertons for £117,950 this good sized property in Deepdale offers good value for money.

See more at goo.gl/b9YEUr

Having rented properties in Hollinswood since 1999 I know how popular this area is...good transport links to Telford Town Centre, Stafford Park, and to the M54 makes the area is popular for tenants, so I wouldn't would envisage too many issues in finding a good tenant.

There's a couple of options - one it could be let out as a family house for around £600 per month or rent the rooms out from around £300 per month per room. Either option could give you a gross yield of anything from 6 to 12%. If you would like to know about the pro's and con's of both option please give me a call.

If you are looking to invest in the Telford property market please give me a call as I will be more than happy to help.

Call, email or tweet or just call on 01952 306 444

Friday's Deal of the Day - Bishopdale, Brookside, Telford - 8% gross yield which is ready to go...

Good morning Landlords & Investors...

Last night I was looking back at some properties I've had my eye on over the last few months and seen this property still on the market. Having taken a look inside back in April I can say that its a property ready to be let - no work to be done.

Good sized rooms and in good condition, with low maintenance gardens in a good location in the Brookside area of Telford.

 

Up with Tempertons for £93,950 could there be a deal to be done? if this was purchased at say £90k and the property rented out at a realistic £600 pcm the return could be healthy 8%. gross yield.

See more at goo.gl/KkhR35

If your a first time landlord or thinking of investing for the first time this could be a good start. If your an experienced landlord this could have the potential to convert to a HMO.

If your thinking of buying a rental property in the Telford area please give us call on 01952 306 444 we are always willing to help out with advice or support.

PS- Seen any potential properties out there that you like the look of? if so please give me a call as its always interesting to see what landlords are looking at, and I'm always happy to advise on rental values or tenant potential.

Deal of Day - 3 Bed Terraced, Woodside, Telford - Good Value for Money & Return!

 

I was doing a viewing in Woodrows the next street down yesterday and decided to take a look at this property I seen on Rightmove with Nick Tart reduced to £75k.

From the outside everything looked in order and a quick look through the windows suggested the inside looked ok, however some light refurbishment maybe required.

Take a further look at goo.gl/yTF1vT

I have many landlords with property in this area, as 3 bed properties like this will tend to rent out for around £550.00 - £575.00 pcm however you will probably attract tenants who receive housing benefit, so careful management could be required. That said, if the property was purchased at the asking price of £75k the gross return would be 8.8% maybe more if its has been on the market for a few months...

If you are looking to invest in the Telford property market please give me a call as I will be more than happy to help.

 

Call, email or tweet or just call on 01952 306 444

Deal of the Day - 2 bed semi-detached bungalow Near Vallens, Hadley, Telford TF1 5SH - Good Returns with Long Term Tenants

Good morning...I have just come across this bungalow on with Barbers for £94,9950, which was first listed back in June. Looking at the pictures it looks like there is some light refurbishment required.

 

You should expect to achieve around £595.00 pcm could be achieved and if purchased at the asking price you could expect a 7.5%, maybe more if you can negotiate on the price!

 

 

Bungalows tend to attract the more mature renter who prefer long term tenancies, and I certainly get plenty phone calls asking for bungalows at rent...

 

See more at goo.gl/sSLCYK

 

If you are  thinking of buying a rental property in the Telford area please give us call on 01952 306 444 we are always willing to help out with advice or support.