What affordable property could a first time investor buy in Dunstable ?

For a first time investor looking for a ‘Vanilla’ property that will rent out all day long and give them a safe return without too much heartache I have found these recent 1 bedroom properties.

This property on the North West side of Dunstable is a one bedroom ground floor apartment with allocated parking at the rear of the property.

It has its own front door to the gardens, electric heating, is fairly spacious for a 1 bedroom apartment and will probably require just a freshen up to prepare it for rental.

It is advertised at £120,000 and with a market rent of £600pcm will return a rental yield of 6% Lynwood Lodge

This next property on the East side of Dunstable but close to the town centre is a one bedroom top floor apartment with allocated parking in a sought after development which is about 10 years old. It is very convenient for workers on the Woodside Industrial Estate especially the new Amazon fulfilment centre.

There would be very little to do to prepare this apartment for rental, most probably just cosmetic touches.

This one is advertised at £115,000 and with a market rent of £600pcm and possibility of achieving £625pcm you would be looking at a minimum rental yield of 6.2%. Bramley Court

Now for the wild card for the investor who might have cash in the bank.

This brand new apartment is in the centre of Dunstable and is in a very well refurbished building which has been finished to a very high standard.

There are a couple of quirks to this building including the requirement for a cash buyer so the owner has decided to rent it until an investor is found.

This apartment is located on the first floor and has a fully fitted kitchen including dishwasher, a proper sized bathroom and bedroom with fitted wardrobes. It also has an allocated parking space to the rear which is hard to find in the centre of town.

This is a buy and go property. Everything is new and it has an NHBC 10 Year Warranty.

This one is advertised at £110,000 and the tenant is paying £675pcm giving a rental yield of 7.36% !

For a cash investor this is definitely one to make time to look at. Albion Buildings

if you are a first time investor looking for some advice on which properties and areas you should be looking at to invest in Dunstable email me daniel.bourke@belvoirlettings.com or call into my shop at 18 Church Street, Dunstable.