Two bedroom house in Waterlooville, do they make good Buy To Let investments?
There are over 3,800 flats in Waterlooville. This only represents around 13.7% of the housing stock here, with the national average being nearer 20.7%.
The average price of a two bedroom house in Waterloovlle is around £256,208, which is nearly 2% lower than 12 months ago. The average rent of a 2 bedroom house is £907 which on average is a yield of 4.2%.
You can buy a two bedroom house on the Tempest estate for a very reasonable £230,000. If a landlord put down a £46,000 deposit and borrowed the rest, they could achieve around £875 per month in rent giving a yield of 4.6%. However, you must remember that every landlord’s tax and interest rates are different, so it is essential to research your investment carefully before committing.
Finally, let’s not forget about the potential increase in capital value of the property. I was looking at the two bedroom houses within the Wellington Park development and since first purchased in 2009 most two bedroom properties within the development have increased by 10%.
If you would like some advice about what could make a good investment, please don’t hesitate to contact me directly on firstname.lastname@example.org or 0333 772 0718.