Thursday, 26 June 2014

Three Bedroom Terrace for Sale at Auction (Possible +7% Gross Yield)

This 3 bedroom terrace is in the Pattinsons Auction at the end of July with a guide price of £44,950

It's in the Thorney Close estate which may not be to everyone's tastes but it's actually on a nice little close at the edge of the estate and should get good tenant interest

Looking at recent sales of similar properties nearby I'd expect this one to sell for around £75,000 and whilst the kitchen and bathroom look OK you'd need to spend a little on redecoration & flooring, I'd allow £5k to be on the safe side

Based on a total £80k investment, and an achievable rent of £475pcm it will return 7.1% Gross Yield - click the link below for details 

Call me on 0191 567 8577 or email if you'd like more information

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