Thursday, 20 March 2014

'Needs Work' Three Bedroom Semi Close to Nissan & A19 (+7% Gross Yield)

This three bedroom ex-council semi needs work (even the selling agent admit this) but it will be popular with working couples & young families and if delivered to a good standard there is a high chance of attracting long term tenants

It's priced at £67,500 but realistically investors should budget for a further £10k to redecorate, change the flooring and crucially modernise both the kitchen and bathroom

Based on a total investment of £78,000 and an achievable rent of £475pcm it will deliver 7.3% Gross Yield


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