Thursday, February 11, 2016
Is there still time to purchase a buy to let investment before the stamp duty changes in April?
There are a few below in the Melton Mowbray area that might give an investor that opportunity.
Asfordby Hill - on the market for £100,000 it is a 2 bed terrace for sale with Newton Fallowell and would see a potential return of 6.3% if it let for £525 pcm which we believe is easily achievable.
North View Close Asfordby, this property is on the market with Bentons for £122,500. As I have mentioned earlier in my blog this could let for £550 pcm, a 5.3% return if purchased for the asking price.
This is the perfect example of a 3 bed semi on the country park estate, it has a garage and a conservatory. It is on the market with Connells for £190,000 and while it would let for £675 pcm easily it would give a 4.2 % return. But a property like this is worth considering as it would see a good level of capital growth and have very few void periods.