Waterthorpe S20 Bungalow with 5.1% Rental Yield
I remember writing about a bungalow in Waterthorpe back in September which sold very quickly.
Although in need of updating, I expect this to sell just as quickly as bungalows in such a location are few and far between and are not seen on the market that often.
This bungalow has a lovely conservatory leading onto a garden that does require some work to bring it to its full potential but the makings of a great property are there already.
Usually, bungalows donâ€™t make for great investment opportunities as the demand from a rental perspective isnâ€™t great but they are sought after by owner occupiers hence the expectance of a quick sale.
Should you wish to purchase as investment, a monthly rent of approximately Â£595 against the current asking price of Â£140,000 would offer a yield of 5.1%.