Wednesday, 15 October 2014

Ugly "Needs Work" 2 Bedroom Millfield Cottage for Under £50k (8.3% Gross Yield)

This 2 bedroom terraced cottage in Millfield has 2 reception rooms and 2 bedrooms in the dormer. It needs work internally and is pretty awful to look at externally, but if that puts off potential owner-occupiers it could mean investors can pick up a bargain!

It needs work (new kitchen & bathroom, new flooring & decoration and something needs to be done about the front...) but even so, adding a generous £15k on top of the £49,950 asking price will still return 8.3% Gross Yield based on £450pcm rent

I'd have a close look at the roof as well if I was you, from the picture it doesn't look great

Click here for details

Call us on 0191 567 8577 or email for more information

No comments:

Post a Comment