3 bedroom terraced house delivering over 5.5% yeild in Spring Road, Bournemouth

I have come across a great example of an already modernised terraced house ready for the rental market. Over the last few years the property market has been glamourised by investors who buy cheap, add value, and sell with healthy profits. Done properly, it is certinly a great business model. However for investors who have limited building knowledge, this can be quite daunting. Is it possible to get strong yields without having to add value through property works?

This 3 bedroom terraced house in Spring Road, Bournemouth has been put on the market for £189,950 by the agent House & Son. It has already been modernised and is almost ready to be put straight up onto the rental market. It is a great example of a property priced reasonable that can still provide great rental yields for someone who doesn't want to have to do any major works on a house.

It’s in a great location, 0.4 miles from Bournemouth train station and well within all of the other transport links. It’s proven to be a very popular area for young families, due in part to some well rated schools in the area.

Priced at £189,950 I feel that this is a really fair offer. Other similar properties down the road are marketed around £200,000 and are sitting on the market for a short while. This area is also showing some good capital growth, around 30% in the last 8-10 years and expected to rise by around 5-6% per year in the current market conditions.

I have not visited the property, however as an initial estimate I would reasonably expect it to achieve in the region of £900-£950 pcm yielding an impressive 5.5-6% yield. This seems to be a really impressive buy to let investment opportunity, with potential for a strong yield and capital growth over time. Please note that I have not visited the property and I would advise you book an appraisal if you wish to get a more accurate figure.

Overall this looks to be a strong investment opportunity with little work needed – therefore less void period, and a great return on investment.

Please have a look around the site for other interesting and informative articles on the Bournemouth property market. If you would like to discuss any investments you are looking for, or anything else related to the Bournemouth property market, please get in touch; 07979123970 or email me at luke.marchbanks@belvoir.co.uk or alternatively come and meet me for a coffee!