This is something we are often asked by new and existing landlords with a budget of around £130,000 – £140,000. For this price you could afford a 2 double bedroom apartment with ensuite in a development such as Kiln Way or Bramley Court. A good 2 bedroom house in Dunstable might just be within reach but for a decent 3 bedroom house you might have to look further afield but not as far as you think.
This property in Houghton Regis which sold in January caught my eye. Situated in St Michaels Avenue just a short walk from the shopping parade and Morrison’s this is a 3 storey town house with a garage, driveway parking for 2 cars, cloakroom, 3 bedrooms and a balcony from the living room. In January this house sold for £135,000. Last year we rented one of these properties for £795pcm which would give you a base rental yield of 7%. This house would now have the potential to rent for £825pcm.
With no service charges, ground rent or lease term to consider this could have been an ideal investment property.
Another of these houses a few doors down sold in the same month for £144,995.
If you do your homework and research the area with the help of Belvoir Dunstable we could assist you in making the right investment choice whether it is your first property or your 10th.
Contact Daniel Bourke of the award winning and licensed Belvoir Dunstable Letting Specialists for a no obligation consultation or guidance on 01582 343209 or call into our shop oat 18 Church Street, Dunstable
