Here is a good example of a sound investment property in Luton. Situated in the Bushmead area of Luton popular with young families, this two bedroom cluster home boasts views over open countryside and within ½ mile of the respected Bushmead Primary School.
The home has a modern refitted kitchen and bathroom, rear garden and is in a tenant ready condition. From experience, a young family or professional tenant would be found within approximately two weeks.
Expected rental return of £675 – £700pm which will give a gross yield of 5.5 -5.7%. Of course, a little negotiation may improve on this yield.
The property is on with Luton based agents Indogo Residential.