This is a good quality property on the market with our colleagues at Urban and Rural.
When purchasing an investment property one of the key factors to consider is the type of client you may want to attract. A property of this size could be suitable for a family and professional sharers. With a family you would be looking at a rent of £800 per calendar month. A return of 5.4% at full asking price.
However with sharers you would charge a room rate, with the Master/ensuite achieving £350/400pcm, a standard double £300/325 and a reasonable single £250/300pcm. Full rent and asking price a return of 7%! There is a demand for quality executive rooms. What is key is the location. And also with sharers, as an investor you need to be aware of any specific legislation and regulation which may affect your bottom line.
Should I furnish? What about bills? Should I include them? There is a lot to consider so feel free to call us or pop in and see us and we can assist with the deicision making process
