Do semi-detached properties on the Poplar Avenue make good investments for Buy to Let?

I was talking to someone who lives in a semi-detached house on the Poplar Avenue. He wants to purchase his first Buy to Let property and has noticed our shop on Tavistock Street and my previous articles, so was interested in getting to know the industry a little bit more.

As he has lived on Poplar Avenue for over 8 years and he felt comfortable investing in the area, as he knew it well. We started to discuss the property market in this area.

Firstly, we found that 30 semi-detached houses have sold in the Poplar Avenue since the year 1999.
Property values in Bedford have risen on average by around 73% over the last 14 years, but most semi-detached properties on the Poplar Avenue have beaten that rise. 
When we look back to 2001, a three bedroomed semi-detached property in the Poplar Avenue was bought for £133,500 and sold in 2013 for an impressive £215,000.  

With excellent capital growth you would expect yields to be comparatively lower, but most three bedroomed properties in the area can be picked up from £240,000 to £250,000 and could have achievable rents of £950 per month. This means annual yields can be around an attractive 5%!

If you would like to talk to us about your potential investment, please come into our office on Tavistock Street.