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Buy-to-Let Deal of the Month

My Buy-to-Let Deal of the Month is a 3 bedroom terraced house in Manselton with an impressive 9%+ potential yield.
Click here to view the brochure.

Since writing this article, it has proven popular and is now SSTC!

Manselton, Swansea

Manselton is a great little area on the outskirts of Swansea City Centre. Although within walking distance of the centre, it is its own little community.
It sits in between two major arteries in and out of Swansea – the A483 to Fforestfach and J47 of the M4 (west), and the A4067 towards Morriston and J45 of the M4 (north). It is also only a few minutes’ drive to SA1 and Fabian Way, the main route to the M4 (J42) for Cardiff.

The convenient location, combined with affordable rental prices in Manselton attract young professional families. The demand for modernised properties in this area, thus, is high.

"Keenly Priced"

Currently on with Dawsons Estate Agents, this property is "keenly priced" as it requires modernisation throughout. A fully renovated property in this location should achieve between £600-650pcm, which would give a 9.17% yield if bought for the asking price.
Even allowing for £20,000 renovation costs, the yield is still a favourable 7.4% and there will be instant equity, making this an ideal investment opportunity.

Renovating a property like this is no mean feat, so it is essential you instruct qualified tradespeople who have experience of getting properties ready for let.
In older properties like this, the first issue to look at is damp, and the second is electrics. Both can involve/cause structural issues that can be costly to rectify; if you don't address them first, they can hold a project back and throw the budget and timescale for completion completely out the window.

Renovation to Attract Your Ideal Tenants

It is also essential to know who your target rental market is, and what they will be looking for in a property. You want to ensure your property will attract the tenants you're hoping for!
That’s where we can help. I have over 15 years’ experience of knowing what lets well, and I have seen landlords make mistakes that hinder the letting of their properties, from questionably coloured carpets to ill thought-out kitchen design.
Our aim is to ensure we can achieve the highest rental price possible in the market, as quickly as possible, and to the right tenants who will treat your investment as their own home.

If you are considering a renovation project and would like to discuss your ideas, please give me a call on 01792 430100 or click here to email me.
Image Source: Dawsons
Related: The Most Expensive Streets in Swansea / Renovating after a Long Tenancy

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