Tuesday, 21 May 2013

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.

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