Which type of house should I buy in Falkirk to rent out
to tenants – a 2 bedroom one or a 3 bedroom one? One of our landlords asked me that question
this week. The first question I asked them was what were they looking for from
the investment – capital growth in the property or a great yield?
Answering this question will help you figure out which
properties you should buy... The average asking price of a 3 bed property in Falkirk
is £113,100 today compared to £84,800 for a 2 bed one. 3 bed properties achieve
an average rental price of £565 per month compared to £475 per month for two
bedders.
That’s a yield of 6.0% for a 3 bed against 6.8% for the 2
bed. So surely, the 2 bed semi is the better bet? Well it does offer a better
rate of return and the 2 bed is slightly easier to rent out (less void periods)
but a 3 bed will be easier to sell in the future.
We hope you find our posts useful. If you want some advice on this property,
another property you have in mind or anything else property related, come and
see me in my office (6 Vicar Street, Falkirk), call me (01324 489840) or email
me (falkirk@thekeyplace.co.uk).
dear,
ReplyDeleteall mens/womens
I read your blog, its really awesome,
I have also a site related to you.
I am seeing that you are selling home. I have also a site related to you.
The simplest thing is to rent out your house. You may not love the idea, renting will not bring the huge paycheck that selling the house would, but renting the house will give you a steady income and help you buy the time you need for the market to come back up.
buying a house to rent
Your regards
Alfaj Ripon