Thursday, 23 October 2014

3 Bedroom Terrace in Popular Redhouse (6.6% Gross Yield)

We first highlighted this 3 bedroom terrace in July & it's still on the market so may be worth reconsidering

It offers spacious accommodation and in our experience will appeal to a wide range of working tenants (predominantly couples & families from the local area)

It requires only a lick of paint in a couple of rooms, the patterned carpets replacing as required and a freshening up of the bathroom - this should be covered off with £5k on top of the £85,000 asking price

Based on a total investment of £90k and an achievable rent of £495pcm it will return 6.6% Gross Yield and better still, is likely to attract long term tenants

Click here for info

Given it's been on the market for a few months now it may be a good time to press the vendors for a reduction!

Call us on 0191 567 8577 or email for more information

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