'Needs Work' 3 Bedroom End Terrace in Popular Location (7.3% Gross Yield)
This 3 bedroom end terrace will be popular due to its size, gardens and location just off Durham Road. It needs work - redecoration & flooring throughout and a new kitchen and bathroom - but allowing £10k - £15k for improvements it will still deliver a good return
It's on the market for £75,000 and allowing £15,000 for improvements it will still deliver 7.3% Gross Yield based on an achievable £550pcm rent (we manage a similar property just down the road and at £550 this has always been popular)
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