I know location is extremely important when you are looking for an investment property as you need to make sure it is in a desirable area to ensure it is easy to let. You tend to find though, the properties that are not in such a pristine area can be cheaper to buy, but the rental prices are not actually that much lower, meaning that you could end up with a healthy return on your investment
When I was looking through Rightmove this morning, I saw this little number being sold through Maurice Armitage and thought I would chuck it out there for you to ponder. OK area is not everyone's cup of tea and how many times have I heard 'Anywhere but Arbury!' But every time I get a property on in that area, we never have a problem finding a tenant for it. This could be due to the location, the area may not have the best of reputations but it is situated next to Cambridge's' main business parks and soon to be new train station giving a link to London too.
This property would probably rent out in the region of £1100 pcm, which when you compare it against it's asking price of £250,000 would generate you an annual return of 5.3% and once Cambridge's' new train station is built this rental value will be sure to increase further increasing your yield.
