Thursday 6 August 2015

Great buy to let oppurtunity in Aylesbury

Tolman Court is a two bedroom cluster house on the Willows off Oxford Road and has the benefit of being offered with no upper chain.  Downstairs there is a good sized lounge with wood laminate flooring as well as a modern fitted kitchen.  On the first floor there is one double and one single bedroom as well as a bathroom with white suite.  The property benefits from double glazed windows throughout, enclosed gardens which extend to the front and side of the property and allocated parking for one vehicle.
Full details are available here http://www.rightmove.co.uk/property-for-sale/property-35749125.html
Two bedroom cluster in Tolman Court


Used to own one here myself many years ago. There are pylons nearby but I don't see this as a problem...it does not stop tenants letting and these always resell as they represent good value. So long as you are not over paying when you buy ( others are on the market at £180,000 and more ), you can afford to sell at the right price when you come to sell in later years, as I did.
Rent would be around £725 giving a gross return just shy of 5% better than the Aylesbury average of 4%.
Usually when you are seeing a stronger monthly return the capital growth suffers downwards. Not so with this. Sales in early 2010 were around £110,000 for similar properties nearby so they have seen pretty good growth of £65,000!. A strong argument says I should have kept hold of the one I owned...

If you want to discuss the market and where to invest your money in buy to let property please give me a call 01296 398555 or email me ian@mortimersaylesbury.co.uk


 
 

 
 
 
 
 

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