Which semi detached property should I buy in Morley? One of our landlords asked if they should buy a 3 or 2 bed semi detached property to rent out to tenants. The first question I asked them was what was are they looking for from the investment – capital growth in the property or a great yield?
Answering this question will help you figure out which properties you should buy…The average asking price of a 3 bed semi in Morley is £164,215 today compared to £129,434 for a 2 bed semi. The 3 bed semi achieves an average rental price of £675 per month compared to £580 per month for a two bed semi.
That’s a yield of 5.3% for the 2 bed against 4.9% for the 3 bed. So surely, the 2 bed semi is the better bet? Well it does offer a better rate of return, but the 3 bed semi is slightly easier to rent out (less void periods) and will be easier to sell in the future.
If you would like more information, please give me a call – I’m always happy to talk property!