This is a great example of an investment property in Bournemouth, generating 6.28% yield. It is a 3 bedroom terraced house in Springbourne, which is just on the edge of central Bournemouth. Offered on the market by Chiswell & Co at £210,000 with a tenant in-situ paying £1,100pcm rent.
Oh no... tenant in-situ! I've heard it so many times before, tenant in-situ is too much effort. Wrong! It really can be a completely stress free process with the right approach, and what a great benefit of not having to find a tenant straight away, and no void period to worry about!
Location is key, just off of the town centre, this property has all the benefits of local transport links - less than a mile to Bournemouth train station and also within easy access of the bus links. Not to mention the fact it is within the catchment of a number of well rated schools - appealing to the young families. Demand is not something you will have to worry about if you needed to market for tenants in the future.
The price seems to be fair, with other houses in the area selling between £190,000 - £220,000. The last few years have seen steady house prices, so it's definitely a safe buy to let investment from that point of view.
If you would like more information on this property please visit this link: http://www.rightmove.co.uk/property-for-sale/property-36682149.html#
If you wanted to discuss the property market in Bournemouth and wanted some advice, or assistance, then please get in touch with myself. I am completely independent of any of the agents whose properties I discuss on this blog.
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