Yes, there’s opportunities available for great returns on your investment when purchasing a buy to let property around Sutton Coldfield. While average yields may be in the 3-5% region, if you invest wisely there’s opportunity to return over 9% gross yield.
How do I make such good returns?
Here we look at a few areas and properties which could help you achieve this. These properties have been selected due to being good investment opportunities for the particular area. We look at a range from a one-bedroom flat to a three-bed townhouse, all sold through Martin & Co Sutton Coldfield. All properties may require work to be completed to reach full rental potential.
While typically smaller properties produce the best yields, the examples below show how you can gain above average returns on even a 3-bedroom property.
Do you want to invest in property?
If so, give Martin & Co Sutton Coldfield a call on 0121 321 6090. We can advise on suitability of an investment property and the potential returns for your money. We have a rental yield calculator available to show your exact return on your property whether you’re buying cash or with a mortgage
Already have a rental property?
Book with us for a free appraisal to see what you could achieve when working with Martin & Co Sutton Coldfield. We offer a full range of management services to help you manage your investment to its maximum potential.
B72 – Sutton Coldfield
Average rent: £728pcm
Average asking price: £352,000
Yield: 4%
Example property: 2 bedroom flat for sale Medway Court, Sutton Coldfield – OIRO £150,000
Rental potential: up to £695pcm (work may need to be carried out to achieve this price).
Gross yield: 5.38% (inc Stamp Duty) – trumping average yield for B72 by 1.23%
Close to Sutton Coldfield train station, properties in this development have low void periods.
WV13 – Willenhall
Average rent: £507pcm
Average asking price: £148,000
Yield: 4 %
Example property: 3 bedroom mid-terrace townhouse for sale Walsall Road, Willenhall – £170,000
Rental potential: up to £675pcm
Gross yield: 4.6% (inc Stamp Duty) – trumping average yield for WV13 by 0.6%
A larger investment, however three-bedroom family properties are in short supply in the rental market.
B23 – Erdington
Average rent: £599
Average asking price: £162,000
Yield: 4%
Example property: 2 bedroom first floor apartment for sale in The Sidings, Erdington, Birmingham £118,000
Rental potential: up to £595pcm
Gross yield: 5.87% (inc Stamp Duty) – trumping average yield for B23 by 1.87%
A well maintained flat, close to Erdington centre. Low void periods are common in this area.
DY4 – Tipton
Average rent: £573pcm
Average asking price: £133,000
Yield: 5%
Example property: 1 bedroom flat for sale Avern Close, Tipton – £55,000
Rental potential £430pcm
Gross yield: 9.1% (inc Stamp Duty) – trumping average yield for DY4 by 4.1%
While substantially below the average asking price for the area, this one-bedroom flat is a good investment opportunity with a fantastic yield.
As you can see if you look around there‘s some prime investment opportunities available, some of which are ready for tenants to move straight in. If you have any questions on how you can invest in property in the Sutton Coldfield area, call us on 0121 321 6090, or email [email protected]
