Friday, July 8, 2016

Doctors Lane development, still popular with investors

A few weeks ago I posted about a property on Lister Close for sale at £142,500. It was a 2 bed semi with a dining kitchen and would let for £595 pcm easily. This has been sold now to a buy to let investor and I wondered what else would work well as an investment property on this estate as it is popular with tenants.
This is a 3 bed on the market for £159,950 with market with Melton Premier and if you look at the floor plan it offers compact modern living. It would let for £625 pcm easily enough.

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This is another 3 bed on the market with Harrison Murray for £164,950 and this one has a garage and a dining kitchen and with this floor plan you would be looking at £675 pcm - 5.3% potential return. 

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As there are so few new builds in Melton Mowbray under £200,000 this estate offers modern living in a great location and good returns for landlords.  

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