March, 2022
Which semi-detached house should I buy in Barnsley? One of our landlords asked if they should purchase a 3 or 2 bedroom 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 bedroom semi-detached home in Barnsley is £173,999 today, compared to £139,997 for a 2 bedroom. The 3 bedroom semi achieves an average rental price of £803 per month compared to £700 per month for a two bed semi.
That’s a yield of 6% for the 2 bed, against 5.54% for the 3 bed. So surely, the 2 bed semi is the better choice? Well it does offer a better rate of return, but the 3 bed semi is slightly easier to rent out with fewer void periods, in addition to being easier to sell in the future.
For more information, give us a call or pop into our office.
