One Bedroom BTL investment.........and its tenanted

For those of you out there that want to achieve a better yield over capital growth, I have seen the below property online that you should give some consideration to.

Its a one bedroom house on The Willows. Its close enough to town and the hospital to attract a good demographic of tenant type. but its not exactly needed with this property....

http://www.rightmove.co.uk/property-for-sale/property-71672291.html

A tenanted, one bedroom house on the market for £180,000 with Hurst Estate Agents could be a ready made investment for either a new investor or someone looking to add something to their portfolio.

Its presented well throughout, but you may want to look at replacing that bathroom at some point in the future.

So if we work conservatively on this, and expect a rent of £695, that would give a yield of around 4.5% Gross. Which is good, considering in a more buoyant rental market properties like this can fetch £725pcm and sometimes beyond.

You will need to do some digging to see what the current tenant is paying, but even if its lower, you don't have all the set up costs of finding a tenant (at least not straight away). 

Now the price, I have seen similar property types sell for around £174,000 in the last 8 months or so and my personal feeling is that the market hasn't exactly sky rocketed in that time, so you could even do a bit of work to secure the property at a little under the asking price. Just remember if you really want it, the seller is an investor too so they may be less inclined to negotiate too much.

Anyway, if your in the market for a buy to let property, this could be a good one for you to consider.

and let me know how you are getting on with your Buy to Let search!