Landlords-Which semi detached house should I buy in Halifax?
This article is quite simple in the fact that you ask Rightmove (punter site) to list all the 2bed/3 bed semi-dets – including stc in a list then taking an average of the asking price. This can be done for terraced houses or flats so 1 bed v 2 bed flats; 2 bed flats v 3 bed flats same with terraced houses 1 bed v 2 bed etc etc – nice article the yield is a derivative of the average rents and average asking price.
Which semi detached house should I buy in Halifax? 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 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 Halifax is £134,290 today compared to £118,250 for a 2 bed semi. The 3 bed semi achieves an average rental price of £679 per month compared to £500 per month for a two bed semi.
That’s a yield of 5.07% for the 2 bed against 6.06% for the 3 bed. So surely, the 2 bed semi.
In our experience, 3 bed semi’s are slightly easier to rent out (less void periods) and will be easier to sell in the future.