Wednesday, 3 December 2014

Possible Auction Bargain 2 Bedroom Flat (7.9% - 11.3% Gross Yield)

We've spotted this 2 bedroom flat in Baxter Road, Town End Farm that's included in the Agents Property Auction on 8th December

The guide price is £32,000 and if you could get it for that (even allowing a further £10k for decoration, flooring & a new kitchen and bathroom) it would return a fantastic 11.3% Gross Yield based on £395pcm rent 

Given the most recent sale of a similar nearby flat was at £52,000, even if interest in the property means the hammer falls at around £50k it will still deliver a respectable 7.9% return based on the above and the £10k improvement budget

Click here for details

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