I was wading through the property listings when I came across this one being advertised by Purple Bricks, Buy to Let
It’s a nicely appointed three double bedroom semi. It benefits from GCH/DG and is in a good location. Certainly it’s the kind of property/location that I think is seeing a boom in rental terms and will probably be a good investment for the medium to long term.
Capital appreciation in this vicinity over the last five years has run at around 28% which is pretty healthy. I would estimate the rent at around £625 per calendar month, so with a purchase price of around £120,000 that’s a gross yield of 5.7%.
