2 Bed Semi Or 3 Bed Semi - Which Semi Detached House Should I Buy In Waterlooville?
Updated: Nov 11, 2018
Which semi detached house should I buy in Waterlooville? One of our landlords asked if they should buy a 3 or 2 bed semi detached property to rent out to tenants. The first question I asked them was what are 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 semi in Waterlooville is £297,726 today compared to £259,579 for a 2 bed semi. The 3 bed semi achieves an average rental price of £1032 per month compared to £866 per month for a 2 bed semi.
That’s a yield of 4.00% for the 2 bed against 4.16% for the 3 bed. So surely, the 3 bed semi is the better bet?
Well it does offer a higher rate of return, but only ever so slightly. A 3 bed semi is slightly easier to rent out (meaning less void periods) and will be easier to sell in the future but remember it’s a bigger house so more maintenance and higher bills when redecorating or replacing flooring etc.
It really comes down to getting the higher ‘Gross’ yield and taking a slightly higher risk on voids.
If you would like more information – please don’t hesitate to get in touch with me – I’d love to help you.
0333 772 0718