Bingham is a busy market town which sees a high demand for rented properties and the reasonable house prices making this a good place to consider a property investment.
If you are not familiar with Bingham the town appeals to families and professional couples as it is ideally located for commuting not only to Nottingham but also Leicester, Newark and Grantham with swift frequent train links to London Kings Cross. It has excellent primary and secondary schools and a good selection of eateries and independent shops and supermarkets.
We have pulled together a selection of properties currently on the market for sale that could make a good investment:
3 bedroom town house, Medway Drive, Bingham. £219,950
Rental income: £825 PCM
Potential yield: 4.5% (if purchased at full asking price)
· Quiet area of town, popular area with families
· Garage, nice garden – modern property
https://www.rightmove.co.uk/property-for-sale/property-71931369.html
3 bedroom semi-detached house, Newton Avenue, Bingham. £185,000
Rental income: £775 PCM
Potential yield: 5.0% (if purchased at full asking price)
· Possibility to purchase with tenant in situ
· Near to town centre and local schools
https://www.rightmove.co.uk/property-for-sale/property-82622206.html
2 bedroom semi-detached house, Charlock Gardens, Bingham. £194,995
Potential rent: £750 PCM
Rental yield: 4.6% (if purchased at full asking price)
· Great location for families located nearby to leisure centre and schools
· Newly refurbished interior
https://www.rightmove.co.uk/property-for-sale/property-72416286.html
2 bedroom flat, Wharf Gardens, Bingham. £125,000
Potential rent: £600 PCM
Rental yield: 5.7% (if purchased at full asking price)
· Quiet area of town, leasehold charges to consider
· Perfect for professionals or single professional
https://www.rightmove.co.uk/property-for-sale/property-82351597.html
Please note these values are for guidance only as the properties have not been fully appraised and are based on details available online. The % returns are gross so do not include any running costs of the let.
Should you wish for a full appraisal or if you have seen any other properties that you would like us to consider please contact Charlotte Baker or Jasmine Drury on 01949 714101
