The village centre is a bustling place to be, with shops, cafes and even a weekly car boot sale!
With close access to the Sherwood Forest countryside, and Nottingham city centre alike, the village is a popular choice with many types of tenant.
There are a choice of good primary schools, a state comprehensive and an independent school. With 2 golf clubs and a well serviced leisure centre, the area is a great choice for families.
Despite such benefits, Calverton house prices still remain reasonable; semi detached properties sold for an average price of £142,683 in 2015.
So, what should you buy to let in Calverton?
Properties in Calverton range in styles from ex local authority properties offering large room sizes for lower asking prices, to modern, nearly new properties which still benefit from their NHBC warranties. Both types will appeal to tenants for different reasons.
With an older property there may be more work to do, but you may be able to add value to the property. Newer properties should have little or no maintenance required and so therefore should be quicker and easier to let. Properties on a new development should also benefit from higher capital growth.
Have a look below at some great investment potentials:
This property is on the market with JR Estates with an asking price of £139,950. I would expect to achieve at least £650 PCM, giving a healthy return of 5.5%.
The property below is a great example of a newer property in a modern development:
While the return may not be as high as the previous property, I believe it should achieve higher capital growth.
For advice on what to buy and the benefits to you as an investor, please get in touch or visit me at my Bingham office.