Just had a look on Rightmove this morning and noticed this house, which I thought was worth mentioning to you potential landlords out there.
Whilst this area may not necessarily be everyone's cup of tea, the houses still rent out extremely quickly, as long as they are in good condition meaning that this little beauty is pretty much ready to start making you money.
This property is on the market with Clarke Philips for £375,000, which for 5 bedrooms is cheap, but is also a great rental property. We have rented houses similar in the area for £2000.00 pcm so this could generate you a yield of 6.4% and that's if you paid the full asking price.
http://www.rightmove.co.uk/property-for-sale/property-31527501.html?premiumA=true
It don't get much better than this....
For just £400,000 this well presented second floor apartment with superb views over Fenners Cricket Ground and Hughes Hall beyond, conveniently placed for access to the city centre and railway station making this a perfectly situated apartment.
Boasting 2 bedrooms and a balcony looking over the picturesque cricket ground this apartment will capture tenants in the blink of an eye making it todays number one buy to let investment, compliments of Bidwells.
I would expect this 2 bed beauty to let for around £1695pcm giving you an annual yield of around 5%
http://www.rightmove.co.uk/property-for-sale/property-31470567.html
