One of our Landlords asked if they should buy a 2 or 3 bed house to rent out to tenants. The firs...
One of our Landlords asked if they should buy a 2 or 3 bed house to rent out to tenants. The first question I asked them was what are they looking for from the investment – capital growth or a great yield?
Answering this question will help you figure out which properties you should buy and where….
The average asking price of a 3 bed house in Bracknell is £340,000 today compared to £275,000 for a 2 bed. The 3 bed achieves an average rental £1350 per month compared to £1150 for a 2 bed.
That’s a yield of 5% for the 2 bed against 4.7% for the 3 bed. So surely the 2 bed house is the better bet? Well it does offer a better rate of return, but the 3 bed is slightly easier to rent out (less void periods) and will be easier to sell in the future.
If you would like more information pop in to see us at our offices on Market Street, Bracknell.
Belvoir Bracknell don’t sell property, we are lettings specialists, but we do guide people based on our experience as to what might make a good buy to let property investment in the Bracknell, Wokingham, Crowthorne and Binfield area. We don’t charge for this service but we would like to manage your property or help you find great tenants.