Coach houses can be a strange
proposition. They look like a 1st floor flat above several garages but
are freehold, so you have no ground rent and service charges to pay.
This 4 year old coach house in Tangmere is still in immaculate condition, so would be a hassle-free buy-to-let. It is a good size, with two double bedrooms, and has recently been reduced by Clarkes estate agents from £205,000 to £195,000.
Considering it sold in December 2010 near the bottom of the market for £185,000, I think it offers good value 4 years on (Tangmere properties have risen an average 12.9% since then). Plus it still benefits from the new-build guarantee for another 6 years.
Renting for around £700-750pcm would generate a 4.6% yield, but this could be boosted by utilising the (large) garage beneath that comes with it - whether simply renting it out separately or by attempting to get a studio flat in there. It seems unlikely that this would be allowed at the moment, but in the future planning regulations might change and this space could pay dividends.
Full details can be found on Rightmove via the following link:
http://www.rightmove.co.uk/property-for-sale/property-47588999.html
This 4 year old coach house in Tangmere is still in immaculate condition, so would be a hassle-free buy-to-let. It is a good size, with two double bedrooms, and has recently been reduced by Clarkes estate agents from £205,000 to £195,000.
Considering it sold in December 2010 near the bottom of the market for £185,000, I think it offers good value 4 years on (Tangmere properties have risen an average 12.9% since then). Plus it still benefits from the new-build guarantee for another 6 years.
Renting for around £700-750pcm would generate a 4.6% yield, but this could be boosted by utilising the (large) garage beneath that comes with it - whether simply renting it out separately or by attempting to get a studio flat in there. It seems unlikely that this would be allowed at the moment, but in the future planning regulations might change and this space could pay dividends.
Full details can be found on Rightmove via the following link:
http://www.rightmove.co.uk/property-for-sale/property-47588999.html
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