Thursday, January 26, 2017

2 Potential Investment properties new to the Melton Mowbray Property Market

This is on the market with Fox Butler for £130,000 and is a 2 bed semi on Staveley Road in Melton Mowbray. 2 beds on this road generally let for £ 575 pcm  and I don't see why this couldn't achieve the same level of rent. That could be a potential return of 5.3%...

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This nice 2 bed in Asfordby is on the market for £139,950 with Melton Premier.
It would easily let for £ 550 pcm which is a potential 4.7% return if purchased for the asking price.

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As many of you know I am always conservative when talking about rental valuations as I feel any investor considering a property should use realistic figures. It will be likely that we can achieve a little more on the day. 

There are other costs that should be taken into consideration include Conveyancing Fees and Stamp Duty which is higher when purchasing a second property. 

If you are considering investing in a buy to let then please give me a call for honest advice on rental returns. 

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