4 Bed Semi or 3 Bed Semi - Which Semi-Detached House Should I Buy In Waterlooville?
Which semi detached house should I buy in Waterlooville? One of our landlords asked if they should buy a 4 or 3 bed semi detached property to rent out to tenants. The first question I asked them was what is it they are 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 4 bed semi in Waterlooville is £391,600 today compared to £310,000 for a 3 bed semi. The 4 bed semi achieves an average rental price of £1300 per month compared to £1180 per month for a three bed semi.
That’s a yield of 4.0% for the 4 bed against 4.6% for the 3 bed. So surely, the 3 bed semi is the better bet?
Well it does offer a better rate of return, but the 4 bed semi is slightly easier to rent out (meaning less void periods) and is a more long term rental giving a family plenty of space to grow, it will also be easier to sell in the future.
It really comes down to getting the higher ‘Gross’ yield and taking a slightly higher risk on voids
If you would like more information – drop me line.