A landlord came into our office for advice just before Easter. He wanted to know whether he should buy a two bedroom house in Riverfield Drive or Castle Road area of Bedford
We did some research and found that a nice two bedroomed house in Heather Gardens for £134,000.We worked out the possible rent for this as £625.00 per calendar month., which could achieve an annual yield of 5.6%. The properties in the area are quite popular. With professional couples and small families and tend to have a great demand with investors and tenants alike, making it a good investment
A two bedroom house in Howbury Street in the Castle Road area, has a value of £169,995. The possible rent for this property is a little higher at £700.00 per calendar month. The annual yield was a little lower at 4.9%. So although a property may achieve higher rents it does not necessarily mean higher returns,
If you would like any advice on choosing properties you may come and see us at our office in Tavistock Street.