Supply continues to outstrip demand in the private rental sector and with the current stamp duty holiday reducing the potential SDLT bill for landlords and interest rates and an all time low it’s no surprise that we have seen our investor buyer registration on the rise.
Our Lettings team have highlighted these properties on the market with us as sound investments.
Flat 2, 1 Forde Close (£120,000) £550 (5.5% gross yield)
First Floor One Bed Flat with off road parking space. Modern interior and set in an ideal commuter location. Currently has tenants in situ that would like to remain at the property.
The view from our lettings team: Property is currently tenanted at £550 pcm – 5.5% gross yield. The current tenants would like to remain at the property, which is well looked after with rent always paid on time, so is the perfect investment for a first time landlord.
53 Younghayes Road (£140,000) £650 (5.57% gross yield)
Modern one bedroom, first floor apartment with allocated parking space. Easy walking distance of the train station and local shops
The view from our lettings team: This property will be attractive to working professionals due to the commuter links available with this property. Prospective tenants can catch the train into the City Centre for work and are minutes from the M5 for locations further afield.
7 Burnley Road (£200,000) £825 (4.95% gross yield)
There bedroom, mid terrace family home with a garage. Located in the very popular Bradley Barton area of Newton Abbot.
The view from our lettings team: This property is set within catchment for a very sought after local primary school, so will be popular with young families. The addition of a garage being available with this property gives it a unique offering compared to other properties in the same area.
55 Tillhouse Road (£200,00) £795 (4.77% gross yield)
A semi-detached two bedroom house which is less than 5 years old! Set within easy walking distance of the local shops and train station.
The view from our lettings team: These properties are always highly popular with searching tenants as they appeal to single occupants, couples and families. Due to the age of this property, any investor landlord should experience low levels of maintenance and upkeep so would be a sound investment.