Strong buy to let in Wellington… 6.2% Yield!
Hollies Road, Wellington, Telford, Shropshire. A 3 bed end terrace for £124,000!
There hasn’t been a great deal of “good buys” come to market throughout December, early January, however to me this looks like a decent buy. The property looks like it is in great condition (looking at the pictures). The area is very good, close to Wellington town centre and the train station.
We would expect to achieve a rental income of £650 per month. Based on a purchase price of £124,000 this would provide a very steady 6.2% yield!
Get in quick, I think this one will go! Certainly before the stamp duty changes in April.
Its on the market with Barbers: http://www.rightmove.co.uk/property-for-sale/property-35050383.html#
We are always willing to have a chat about the lettings market, both the pros and the cons! Feel free to pop in and see us, or call if you want our opinion on the local market.