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