This blog follows the buy-to-let market in Ilkeston, Eastwood, Heanor and Belper. You'll find properties on here that may make decent investments. You'll also find tips, guidance, and analysis that relates specifically to these two towns. I operate Spruce Tree Lettings, opened since 2009, in all these towns, so if you're thinking of buying a property to let in either Ilkeston, Eastwood, Heanor or Belper, I'm happy to offer a second opinion.
Sunday, 10 May 2015
Just Reduced In Ilkeston
On the recent theme of newish apartments - this two bed
ground floor one in Ilkeston has caught my eye as it has just been reduced to
"offers" over £75,000...and they generally sell north of £80,000 at
If you can haggle a bit - you could be onto a bargain...it
may need a little refresh - maybe a lick of paint and perhaps some carpets -
but certainly one to have a look at. Rents are c£425-£450 per month giving a
healthy 7% or so yield.
Make sure you check the lease details and all the fine print
- but if all that is good then these are readily rentable.
Oh and just before I go I had a call from a local investor who
sent me a couple of Zoopla links to properties she is considering buying – one from
Burchell Edwards and one from Whitegates. I figured that the first was little
bit “toppy” ie was too expensive and to take care, but the second would be a
bargain at a few £k off….so told her to put an offer in and see how she went.
If you have any properties you are considering buying – then
give me a call or drop me an email at firstname.lastname@example.org
and I will give you my view.