Kingsland Road BTL Opportunity – £205,000

An abundance of three beds!

We can’t believe our luck with Three Bedroom rental properties at the moment! On with Carter & May is this fantastic three bed situated just outside the ring road within walking distance of Salisbury City Centre and Mainline Station. The property boats neutral decor throughout along with modern fixtures and fittings and good sized rear Garden, the perfect little renter. I would estimate a potential rental value of £875pcm bringing in a respectale yield of 5.1%. Be quick because this one won’t hang around! http://www.rightmove.co.uk/property-for-sale/property-47046471.html

 

Salisbury 3 bed new to market £215,000

3 bed property just brought to market by unusually both Bassetts and Fox and Sons. Hint: This could indicate that the seller is possibly wanting a quick sale! The property is in excellent decorative order and would make a great BTL with great yield. With a suggested rent of £900 this would give a gross return of over 5% at the asking price. Call either agent quickly as this is likely to sell very quickly.

http://www.rightmove.co.uk/property-for-sale/property-64914107.html

Family home in Amesbury £255,000

All you could want from a “step up the ladder” family home in Amesbury. Reasonably priced and in a good area, off road parking and a garage! You even have room for a conservatory if you need a little more room with a modest investment. This property won’t hang around long! Speak to our collegues at Simon Colligan to arrange a viewing.Beaumont Wayhttp://www.rightmove.co.uk/property-for-sale/property-64860275.html

 

2 Bed Flat Australian Avenue £159,950 BTL Opportunity

Connells have just brought to market this lovely 2 bed flat. I suspect ex local authority but don’t let that put you off. Similar flats in this block have had 999 dating from 1975 (so Only 957 remaining!!). Ground rent and service charges are likely to be £0, and any repairs will be split 4 ways with the other leasees. Insurance generally around £200 pa. If we crunch the numbers, rental will be £700-725pcm giving a very respectable 5.4%. Remember to check lease details with the agent but it means this flat is pretty much Freehold.

Australian avenue

http://www.rightmove.co.uk/property-for-sale/property-64849322.html

233 Salisbury Households Occupied by OAP Renters

 

Recent statistics published by the Office of National Statistics show that there are 267,704 private rented households in the Country that are occupied by people aged 65 and older, meaning 4.39% of OAP’s are living in private rented property.

It got me thinking two things. How many of these OAP’s have always rented and how many have sold up and become a tenant?  In retirement, selling up could make financial sense to the mature generation in Salisbury, potentially allowing them to liquidate the equity of their main home to enhance their retirement income.  I wanted to know why these older people rent and whether there was opportunity for the buy to let landlords of Salisbury? Continue reading