Sarum Close -if the price is right…? Rental Property salisbury £215k

Everyone loves a bargain so why not offer on the slow moving property with Jordans. Its been on the market since September 2017. At £195k it would make a reasonable return of around 4.8%. The last 2 bed that sold down this road (July 2017) made £185k.

Previous sales>

3 bed New Build Salisbury possible BTL £289,995

Its not often I feature a new Build because the yields don’t always stack up. However, when you get a 10 year guarantee then there’s not going to be a huge amount of maintenance that you have to pay for. I only post gross yields but the net yield is the one to watch on new properties. Rental wise, I suspect £950-1000 pcm so gross yield of around 4.1% with the net being very similar. Persimmonds show homes are the pace to start but call me if you need my opinion.

2 Bed in Harnham – £245,000 (Near SDH)

If you are not a BTL investor then it may not interest you that we sold a 3 bed on this road for £255k in May 16 showing that prices are still rising. If you are investing, then why not with this top location property, on the right side of town for the hospital this property will rent quickly at around £825 pcm giving a yield on the low side of 4%. I would suggest this is a little low but the capital growth is worth looking at. I’m sure Carter & May will love to show you round!

Ex MOD property – Old Sarum £269,500 expensive BTL?

These solid, spacious x-MOD properties are normally great value for money. The last one selling in the area sold for circa £220000 in 2018. If you take this price and index link it you end up with £225-230k. Other previous sold prices here . With the market a little ‘bearish’ at present and the asking price nearer £220-230k then the yield would upwards of 4.8%. Give the agents Baxters a ring to discuss a viewing….

Hadleigh Court Salisbury BTL opportunity £149950

Many people dismiss leasehold properties as investment but look at this little cracker. 2 beds will rent for £700-725 pcm giving a yield of 5.6% – 5.8% – not too shabby! As its ex local authority the maintenance charges are normally pretty low but always well maintained. Keep an eye on the lease term, this is reported as 138 years so nothing to worry about. Rent is also peppercorn at £15 pa. Call Jordan’s to arrange a viewing or me if you’d like my opinion.

Gas Lane Salisbury £200,000 BTL deal of the day.

The agent – Jordans is marketing this ‘Conveniently located’ 2 bed property would make a great BTL. Its in a good location being a short walk from the city centre and the station. There’s a low maintenance garden – good for tenants and landlords and the all important off street parking. This property should rent for between £750-800 pcm giving a very respectable yield of 4.5%. Yields appear to be climbing back upwards as rents continue to rise. Contact Jordan to arrange a viewing.