A two bedroom semi detached property came to the market yesterday with a guide price of £160,000. Its been well maintained to a modern standard and benefits from a double driveway and a spacious back garden.
This would make a great buy to let due to the size and space available, whenever a property like this reaches the rental market it always receives a lot of attention. Have a look at the Rightmove advert here.
I would give a rental valuation of £825 pcm which would give you a yield of 6.2% which is well above the UK average. You are also likely to attract a long term tenant with a property like this as a common reason for tenants moving property is to up size and with a property of this size i think that would be less likely.
Give me a call on; 0161 474 8668, visit me at our Stockport Exchange office or connect with me on LinkedIn if you would like to talk further about buy to let investments.