4% yield on Fairford leys?

With 2018 firmly underway, I thought I would have a little look at the sales market to see if there is anything out there that had the potential to be a “good buy” for a buy to let investor.

Well, this time I have two properties that have the potential to be a good investment.

first is this Two Bedroom Semi on Fairford Leys, on the market with Hurst since 17^th January 2018 and priced at £257,500, this property could be a ready made buy to let, its neutrally decorated throughout, the kitchen and bathrooms appear to be the originals but they are also in good tidy order and could see a few more years of use yet. Whilst it doesn’t have a garage, it does have parking and a conservatory for a little extra living space.

Rental wise in a conservative market you could reasonably expect to hit £850 PCM.

A savvy buyer may try to negotiate on the price a little to push the gross rental yield to around 4%

Next on the list is another two-bed semi on Fairford Leys, and is one I can’t quite fathom as to why it has not yet sold. On the market at “offers over” £250,000 this is a good example of a popular rental property in a popular area and from what I can see, a good price. This has been on the market with Connells for a while and reduced recently, but as with the above rental expectation in a conservative market would be £850 PCM. So, if the seller is motivated you could try and cut the stamp duty threshold a bit and aim for a gross yield of just over 4%.

Whilst the yield on both of these properties is one thing, it’s the capital growth that could pay dividends in the long run on these properties.