This two-bedroom terraced house on Wood Lane, Chippenham presents an excellent opportunity for first-time buyers or investors seeking a ready-made income stream. Currently tenanted at £850pcm, the property offers a solid yield of 5.67%, with the potential for the rental income to increase to £1100pcm after contract renewal, generating a 7.33% yield.
The property's layout includes an open-plan kitchen/living room spanning the ground floor, providing a practical living space. Upstairs features a master bedroom, second bedroom, and a family bathroom. The property also benefits from a front garden area, perfect for outdoor enjoyment.
Located in Chippenham, residents enjoy convenient access to the town centre with its range of shops, restaurants and amenities. The property is within easy reach of Chippenham railway station, offering direct services to Bath, Bristol and London, making it ideal for commuters.
Available with no onward chain, this property offers immediate potential for investors looking for a dependable rental income. The current tenancy situation provides instant returns, while the property itself offers scope for future enhancement to increase value. We strongly recommend viewing to appreciate the investment opportunity.
The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% annual interest. It is only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
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