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.
All Rights Reserved | AG Estate Agents