Buy-to-Let Deal of the Month
My Buy-to-Let Deal of the Month for July is a 3 bedroom mid terrace property in the convenient and ever popular location of Sketty. Close to good local schools as well as the local shops and amenities of Sketty Cross, and only a short drive from Swansea University, Singleton Hospital, and Swansea City Centre, it would make a great home for a single professional or couple, or a family.
Click here to view the brochure. The property has laminate flooring downstairs, built-in storage space on the landing, and a shed (apparently with power!) in the rear garden. Parking is on-street which, whilst not ideal, is not too uncommon for a city. It is within catchment for Parklands Primary and Olchfa Comprehensive schools.
3 bedroom properties are in popular demand at the moment. We let these four (below) within the last month, three on the first viewing, and one within the first week of viewings:
Left to right, top to bottom: Uplands, furnished, &850pcm; Dunvant, unfurnished, &700pcm; Gorseinon, unfurnished, &700pcm; Morriston, unfurnished, &650pcm.
With a light refurbishment, I think the property in Sketty could achieve rent of between &650-&700pcm. If the property was bought at the asking price, that would mean you'd have a yield of between 5.7% - 6.2%.
If you're looking for advice on the best places to invest in buy-to-let in Swansea to suit your investment needs, or if you've purchased a buy-to-let property and you're looking for a specialist to manage it for you, please give the McCartan team a call on 01792 430100, or click here to send us an email. We look forward to hearing from you!
Related: A Guide to BTL for New Investors / 5 Top Tips for Buying BTL Property at Auction / Getting Organised (a Landlord Guide)