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Best Roads / Areas to buy a Buy to Let Investment Property In Furzton, Milton Keynes.

AG Estate Agents • May 9, 2022

If you’re looking for a buy to let investment property in Milton Keynes but unsure of what areas or roads you should consider purchasing in, then this blog is for you!

You’ll find five of my personal favourite roads within Furzton, Milton Keynes to purchase a buy to let property in.


But first, why buy a property in Furzton at all?

-        Close to schools in Bletchley

-        Furzton lake approx. within 1 to 20 minutes walk for Furzton residents

-        Local shops

-        Close to Milton Keynes Central Train Station


Now down to the list…


Favell Drive:


Favell Drive, is a relatively long road located in north east Furzton. Here, you will find 3 bedroom terrace and end terrace houses which generally come with an allocated garage, good size garden, living room and open plan kitchen diners.


They’re naturally suited for tenants who are families, so in theory, you should have longer tenancies and lower void periods.


Two similar properties sold last year, one for £270,000 and the other for £248,000.

This year we have seen similar properties come on the market in the range of £260,000 - £280,000.

Rental Value: Between £1,100 - £1250 PCM

Gross rental yield of approximately 5%


Side Note: You will find similar properties on Braybrooke Drive, Elmhurst close and Oakridge.


Windsford Hill:


Windsford Hill consists of two and three bedroom terrace, end terrace and semi detached houses.

There was two bedroom terrace house sold on the road June 2021 for £175,000 and a three bedroom house sold for £246,500 in January 2020.


Our best guess for values of properties on the road today is between £250,000 to £325,000 depending on the specifications.


Rental prices: £900 - £1,000 for two bedroom houses and around £1,200PCM  for the three bedroom houses.

Gross rental yield of around 5%


Side Note: You will find similar properties in Parkside.


Wistmans:


Wistmans consists of two & three bedroom terrace, end terrace and semi detached houses.


Recent Sales:

Number 17, a two bedroom terrace which sold for £250,000 in July 2019.

Number 26, a 3 bed terrace house which sold for £290,000 in November 2020.

Our estimate for property values on this road today are between £275,000 - £325,000 for two bedroom houses and between £325,000 - £375,000 for the three bedroom houses.

Expected Rental: Two bedroom houses: £950 - £1,000 PCM. Three Bedroom houses: £1,200 - £1,350PCM

Gross rental yield of approx. 4%

Side Note: You will find similar properties in Redhuish Close


Perracombe, Furzton:


Perracombe consists of two and three bedroom terrace or semi detached houses.

Recent Sales:


Number 54, a three bedroom semi detached house sold for £337,000 in September 2021.

Todays Market:

Our estimate of the property values on this road as of today are:

Two bedroom house: £250,000 - £325,000. Three Bedroom House: £325,000 - £375,000


Rental:

£950 - £1025 for two beds and £1250 mark for the three bedroom properties.

Gross rental yield: between 4 - 5%


Simonsbath, Furzton:


Simonsbath consists of a mixture of properties, from 1 bedroom bungalows to 4 bedroom detached houses.

The latest property to sell here in Simonsbath was number 41, a two bedroom terrace house which sold for £174,000 in June 2019.


In todays market you can expect to pay anything upwards of £250,000 for the two bedroom houses and over £300k for the three bedroom houses.



Rental:

£950 + for two bedrooms and £1,250+ for three bedroom properties.


Feel free to contact us on 0208 614 0740 if we can be of any further assistance.


Disclaimer:

Please note the information given is just my opinion from experience and you should do your own further research.

The current rental values and property prices are just an estimate as of the 7th of May 2022 and each property on the road will have a different value depending on their specifications. 

By Keval Gudka May 25, 2023
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By Keval Gudka May 25, 2023
Deciding to sell a property is a significant step that can bring about various emotions and challenges. Whether you're looking to upgrade, downsize, or simply need a change, selling your property requires careful planning and preparation. To help you navigate this complex process, we've outlined the crucial first steps you should take to ensure a successful sale. 1. Evaluate Your Property: Before diving into the selling process, it's essential to evaluate your property objectively. Take a step back and assess its current condition, considering both its strengths and weaknesses. Look for any repairs or renovations that may be necessary to enhance its appeal to potential buyers. This evaluation will give you a clear idea of the property's market value and help you set a realistic asking price. 2. Research the Property Market: Understanding the current state of the property market in your area is vital. Research recent sales, average property prices, and trends specific to your location. This information will provide you with valuable insights into the demand, competition, and pricing dynamics of your local market. You can consult estate agents, online databases, and local property listings to gather relevant data. 3. Find a Reputable Estate Agent: Partnering with a professional estate agent can make a significant difference in the success of your property sale. Seek recommendations, read reviews, and interview multiple agents to find one who specializes in your area and has a proven track record of successful sales. A reliable agent will guide you through the entire selling process, offer valuable advice, help set the right price, market your property effectively, and negotiate on your behalf. 4. Set a Realistic Asking Price: Determining the right price for your property is crucial for attracting potential buyers. Your estate agent will assess the market value of your property based on factors such as its location, size, condition, and recent sales in the area. While it's tempting to aim for a higher price, setting a realistic and competitive asking price will attract more interest and help you sell your property faster. 5. Prepare Your Property for Sale: First impressions matter, especially when it comes to selling property. Take the time to make your home presentable and appealing to potential buyers. Declutter, deep clean, and consider staging your property to showcase its full potential. Address any necessary repairs, touch-ups, or improvements to enhance its overall appearance. Pay particular attention to the curb appeal as it creates the first impression for potential buyers. 6. Gather and Organize Documentation: To streamline the selling process, gather and organize all the necessary documentation related to your property. This includes property deeds, title deeds, mortgage information, warranties, permits, and any other relevant paperwork. Having these documents readily available will help facilitate the transaction and provide transparency to potential buyers. 7. Develop a Marketing Strategy: Effective marketing is essential for attracting potential buyers and maximizing the visibility of your property. Collaborate with your estate agent to create a comprehensive marketing strategy that utilizes online platforms, social media, professional photography, virtual tours, and traditional advertising methods. By reaching a wide audience, you increase the chances of finding the right buyer for your property. Conclusion: Selling a property can be a complex and overwhelming process, but you don't have to navigate it alone. By partnering with a reputable estate agent, you can unlock the full potential of your property sale. An experienced agent will provide valuable insights, expert guidance, and a tailored marketing strategy to attract the right buyers and secure a successful sale. With their knowledge of the local market and extensive network, a professional agent will ensure your property receives the exposure it deserves. From setting a competitive asking price to preparing your property for showings, they will handle the intricacies of the selling process, allowing you to focus on other important aspects of your life. So, if you're ready to embark on this exciting journey of selling your property, reach out to us, your trusted estate agent. Our team of dedicated professionals is committed to delivering exceptional service, personalized attention, and outstanding results. Let us help you make a smooth transition to the next chapter of your life. Contact us today, and together we'll turn your property into a desirable and sought-after listing.
By Keval Gudka May 24, 2023
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