Which terraced house should I buy in Bedford ?One of our landlords asked if they should buy a 3 or 2 bed terraced property to rent out to tenants. The first question I asked them was what was are they looking for from the investment – capital growth in the property or a great yield?
Answering this question will help you figure out which properties you should buy…The average asking price of a 3 bed terrace in Bedford in the last 7 days is £248,123 today compared to £171,552 for a 2 bed terrace. The 3 bed terrace achieves an average rental price of £825 per month compared to £700 per month for a two bed terrace.
On these averages that’s a yield of 5% for the 2 bed against 4% for the 3 bed. So surely, the 2 bed semi is the better bet?
Well it does offer a better rate of return, but the 3 bed could be slightly easier to rent out (less void periods) and will be easier to sell in the future.
If you would like more information pop in to see us at our offices
