19 Bramley Road, Long Eaton, Nottingham, NG10 3SX

19 Bramley Road, Long Eaton, Nottingham, NG10 3SX

Click here to see the Rightmove link.

Very well presented one bedroom top floor apartment. A stones throw away from Long Eaton train station and within 5 minutes of the M1. This is a great location for commuting to Nottingham, Derby and Leicester and is therefore very popular with professionals.

We have rented this apartment out for 16 months and the same tenant has lived there since the beginning. It comfortably rents out for £425pcm. I know that the vendor is motivated to sell and is very open to reasonable offers.

Pay the right price and you should expect a gross yield of atleast 6%.


The lease is 125 years from 1 Jan 2006, ground rent is 250pa, and management charge is around 800pa.

A sound investment for someone with a small amount of capital to invest.

We have contact with the vendor, please let me know if you wish to submit an offer.

Rowsley Avenue, Long Eaton, Nottingham

Rowsley Avenue, Long Eaton, Nottingham

Click here to see the property Rightmove.

A slightly high asking price, but a good property and a popular location!

Pay the right price and you should expect a yield of around 6% on this property, and it will let time and time again!

Close Quarters, Cow Lane, Bramcote, Nottingham

Close Quarters, Cow Lane, Bramcote Village, Nottingham

 

Please click here to see this property on Rightmove.

A lovely location and a strong yield. We have always found Bramcote village to be popular with renters. This flat would achieve £525pcm. I think an offer of £92,500 is not unreasonable and based on this price that would be a gross yield of 6.8%.

There are no details of the leasehold on the marketing, make sure you check the length of the lease before submitting any offers. Anything below 75 years and the property will lose value year on year. You can apply for an extension of the leasehold but this can cost thousands. If this is the case that should be reflected in any offers made.

I would also make enquiries about installing gas central heating.

14 Curzon Street, Long Eaton, NG10

14 Curzon Street, Long Eaton, NG10

 Click here to see the property on Rightmove.

This is a sought after postcode in Long Eaton, Close to Trent College and within minutes of the M1 and A52.

It appears to be ready to let immediately, and you should expect to achieve around £575pcm. Based on the asking price alone this gives you a respectable yield of 6%.

Properties on this street will hold there value well. This is a good long term investment.

One thing to bare in mind is maintenance costs are always higher with a property of this age, and this will eat in to your gross rental yield.

27 Hobart Drive, Stapleford, Nottingham, NG9 8PX

27 Hobart Drive, Stapleford, Nottingham, NG9 8PX

Click here to see the property on Rightmove.

This property is competitively priced and once it is brought up to a lettable standard you should expect to achieve around £550 per calender month. It is less than a mile away from Bramcote Hills Primary School which has an excellent reputation.

It has been on the market for almost a year and was originally marketed for £129,500. Given the £30k reduction I would say the vendors are motivated to sell and may accept an offer.

Stevens Road, Sandiacre, Nottingham, NG10 5FU

Stevens Road, Sandiacre, Nottingham, NG10 5FU

See link below:

http://www.rightmove.co.uk/property-for-sale/property-39262777.html

For sale by Auction on Thursday 11th July 2013.

The property has a realistic guide price and once it has been brought up to a good standard you should expect to achieve around £500pcm.

2 Medway Close, Chilwell, Nottingham, NG9 5FS

2 Medway Close, Chilwell, Nottingham, NG9 5FS

See Rightmove link below:

http://www.rightmove.co.uk/property-for-sale/property-37138357.html

A lot of people haven't even considered bungalows for a B-T-L investment, but with an ageing population the demand for bungalows is going to increase significantly. See report below:

http://www.parliament.uk/business/publications/research/key-issues-for-the-new-parliament/value-for-money-in-public-services/the-ageing-population/

There are very few bungalows on the rental market, so the demand is high and the tenancies tend to be long term. You should expect to achieve approximately £600pcm for this property, so based on a purchase price of £120k it is a 6% rental yield.

Douglas Court, Toton

30 Douglas Court, Toton, NG9 6ER

See the link below:

http://www.rightmove.co.uk/property-for-sale/property-41111717.html?premiumA=true

Don't be put off by the exterior appearance of this block, it is popular within the area, well maintained and attracts professional tenants. It is a great investment for someone who wants to take advantage of the Toton tram link but doesn't have a large budget.

This property would comfortably Let out for £450pcm, and based on the last three prices paid for two bedroom flats (62k) you are looking at a gross yield of 8.7%!

Houses prices - http://www.zoopla.co.uk/house-prices/nottingham/beeston/douglas-court/ng9-6er/?q=NG9%206ER&search_source=house-prices

THINGS TO CHECK OUT - LENGTH OF LEASE + MANAGEMENT FEE'S / GROUND RENT.

24 Wharfedale Road, Long Eaton, Nottingham, NG10 3HG

See link below:

http://www.rightmove.co.uk/property-for-sale/property-38030782.html

A very popular estate (The Dales) with tenants. Typically properties of this type on the estate will sell for between £120-125k so it is priced competitively.

You should expect to achieve around £550-575pcm, working on a purchase price of £115k you are looking at a yield of around 5.7-6.0%. Although the yield isn't that exciting, we generally find that rental properties don't come up that often in this area, so once tenants secure a property on the estate they tend to stay put.

We have had one tenant on Teesdale Road for 4 years, and another tenant on Darwin Road for 10 years!

52 Barrydale Avenue, Beeston

This looks like a nice little buy (if the price is right!)

See link below:

http://www.rightmove.co.uk/property-for-sale/property-38546524.html?premiumA=true

It is within minutes of the town centre and will be in walking distance of the tram when it arrives in 2014. working on a total investment price of £95k and a rental income of £575pcm you are looking at a yield of 7.2%.

Going to auction on Thursday 09th May 2013, if you are not available for the Auction I am happy to attend and bid on your behalf. 

Property of the Week

 Longden Close, Bramcote, Nottingham, NG9 3GH

Please see link to Rightmove below:

http://www.rightmove.co.uk/property-for-sale/property-28026902.html 

This property has been on the market for a long time now, it was originally advertised for £117,950. I think there is a good chance of negotiating a big reduction on the asking price.

 

This is a very popular residential location (across the road from Bramcote Park and within minutes of the Junction 26 of the M1).

 

If the property was updated internally (decor, carpets etc) you should expect to achieve approximately £525pcm. Based on a total investment of £90,000 (including updating the property) you are looking at a gross yield of 7%.

 

If anyone wishes to place an offer please let me know. rob.hall@belvoirlettings.com

Property of the Week

£100,000 - 32 Beacon Road, Beeston, Nottingham, NG9 2EY

Reduced by £10k - on market since 20/04/2012

Last property sold - 50 Beacon Road (2 bed) sold for £112k in Jun 2010

Close to Nottingham QMC Hospital, popular with NHS staff - On good bus routes - Close to Beeston town centre - Close to train station

Ready to let immediately

Approx rent - £525pcm - Gross yield = 6.3% (based on asking price alone)

Gayrigg Court, Chilwell, Nottingham, NG9 5ND

Gayrigg Court, Chilwell, Nottingham, NG9 5ND

On market since 14/12/2012

Last property sold - 12 Gayrigg Court (3 bed) sold for 92k in Jan 2012

Will benefit from the new tram system eventually (approx 2014/15), this should be good for capital growth

Ready to let immediately

Approx rent - £525pcm - Gross yield = 6.3% (based on asking price alone)