There have been an increasing number of price reductions
appearing in the listings and today I saw this 3 bedroom house in Willow Close,
Northgate. The agent, Taylor Robinson,
has already reduced the asking price in the first week of marketing and with
another little reduction it could achieve that magic 5% yield.
You can see the details by clicking the link:
Northgate is a fantastic area for a family rental home. Walking distance to the town centre,
catchment area for the renowned Hazelwick school and close enough to the Manor
Royal Industrial Estate to walk or cycle to work. In its current condition it would achieve a
rental price of £1125 to £1150 per month, so to hit that 5% yield it would need
to be purchased for £270,000. The stamp duty that a landlord would pay on that
price would be a shocking £11,600 but at least it would be claimable from any
capital gains tax when the property is sold on.
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| Willow Close, Northgate |
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