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Which Terrace House Should I Buy In Stoke-on-Trent

Posted on Sunday, June 6, 2021


Which Terrace House Should I Buy In Stoke-on-Trent

Which terrace should I buy in Stoke-on-Trent? One of our landlords asked if they should buy a 3 or 2 bed terrace 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 the question will help you figure out which properties you should buy… the average asking price of a 3-bed terrace in Stoke-on-Trent is £120,000 today compared to £85,000 for a 2-bed terrace. The 3-bed terrace has an average rental price of £595 per month compard to £500 per month for a two-bed terrace.

 

That’s a yield of 7% for a 2 bed against 5.9% for the 3-bed. So surely, the 2 bed is better? Well, it does offer a better rate of return, but the 3-bed terrace is slightly easier to rent out (less void periods) and will be easier to sell in the future.

 

If you would like more information pop in to see us at our offices.