I have previously looked at properties in Cemetery Road, LU5 from a rental perspective as the location and the reasonable pricing of property here makes these houses an ideal choice for a safe investment. The previous article can be read here Cemetery Road
The average house price in Cemetery Road is £142,050 which is in line with the average house price in the LU5 postcode which is £141,043.
For example this 3 bed terraced house sold in October for £135,000. It came with driveway parking, a garage and conservatory and Integral kitchen appliances. The last time it was sold was in 2001 for £70,000
This 3 bedroom terraced house is likely to rent to an established family over a long term and the expected rental income for this property in this area would be £650 – £750 pcm giving a rental yield of 5.78% to 6.67%
If you are thinking of purchasing an investment property and would like to discuss points such as these to help in your decision, please call or visit our shop where we will be pleased to assist.
