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Take a look at the video and call our Satchells sales team in Baldock before the property goes. This has a great potential rental yield of 5.5%! You can see the Rightmove advert here
A one bedroom cluster home just added to the market in last 24hours by Country Properties in Baldock. This property is in a great location and looking at the internal shots has been re-furbished and modernised to a good standard. With a rental income of around £8,400 p.a. and an asking price of £190,000 this is definitely worth looking at – contact Country Properties ASAP!
Recent statistics published by the Office of National Statistics show that there are 267,704 private rented households in the Country that are occupied by people aged 65 and older, meaning 4.39% of OAP’s are living in private rented property. It got me thinking two things. How many of these OAP’s have always rented and how many have sold up and become a tenant? In retirement, selling up could make financial sense to the mature generation in Baldock, potentially allowing them to liquidate the equity of their main home to enhance their retirement income. I wanted to know why these older people rent and whether there was opportunity for the buy to let landlords of Baldock? The Prudential published a survey recently that said nearly six out of ten OAP renters had never owned a home. Two out of ten OAP renters were required to sell up because of debt, just about one in ten OAP renters sold their property to