Wednesday, 8 October 2014

Desperate Vendor Alert!! Bargain 2 Bedroom Semi (8.5% Gross Yield)

When I saw this 2 bedroom semi in Farringdon come up this week as a New Instruction with Dowens I remembered posting about it earlier this year. This tells me that the vendor has identified that the solution to the problem is to throw another agent at it...which often smacks of desperation and is music to an investors ears!

Looking back I said this would be a good investment at the £85k they were looking for back in April so it makes an even better investment at OIRO £69,950 now being sought through Dowens

It's in good condition and won't need much more than a lick of paint to achieve £495pcm rent, returning 8.5% Gross Yield (compared to the still decent 7.0% when we originally highlighted the property)

Chances are at this price it will get A LOT more interest so don't delay

Click here for details

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