Get in quick for this 12% yield house in Falkirk

If you took my advice on Friday and spent the weekend mulling over the 4 bedroom terraced house in Torridon Avenue I wrote about on The Falkirk Property Blog, you may well have decided this sort of property is for you.  If so, read on as I have found another similar property which will be of interest to you.  However, if you are interested I would get in quick as this property will sell fast.

The property is another ex Council, 4 bedroom terraced house, this time in Avon Court in Hallglen.

This house is a large house.  It has a good sized lounge, a dining room, a fitted dining kitchen, four bedrooms, a bathroom with a bath and shower over it and a separate WC.  There is double glazing, gas central heating with a new boiler and on street parking.  There in an enclosed garden at the rear.  The property is in good condition internally although you may choose to neutralise the decor a bit.

Double click here to get more details about this property

This property is on the market with Homes for U at a fixed price of £81,000.  This property is likely to rent to housing benefit tenants and the housing benefit rate for a four bedroom house is £787.50 pcm. 

So that gets you to a yield of whopping yield of 11.7%.

As I mentioned about the Torridon Avenue property on Friday, the location is likely to mean that it will be rented to a housing benefit tenant.  The size means that the pool of people looking for a property of this type will be less – you need big family to need a four bedroom house.  This means that it is a higher risk property ..... but then again it has a whopping yield of 11.7% to compensate for this higher risk.

If you like the look of this one, get in touch for a chat (6 Vicar Street, Falkirk; 01324 469840; falkirk@thekeyplace.co.uk).  If you want to have a chat about another property you have seen, get in touch as well and I will give you my impartial advice about  the property.