Wednesday, 25 March 2015

"Needs Work" Ford Estate 3 Bedroom Semi (+7% Gross Yield)

This 3 spacious bedroom ex-council semi is currently being advertised for sale at OIRO £82,000 (I doubt they'll get that) or To Let at £500pcm (I doubt they'll get that either!) but spend a little to improve it and it will make a cracking investment, a one that based on our experience of renting in the area is likely to attract long term tenants


You'd need to budget on at least £10k for improvements (redecoration, flooring, the bathroom is dated and worryingly there's no shot of the kitchen)

Assuming a total investment (purchase price plus improvements) of £90,000 it will return 7.3% Gross Yield based on £550pcm rent

Click here for details https://www.onthemarket.com/details/1208875/ 

Call us on 0191 567 8577 or email neil.whitfield@belvoirlettings.com for more information

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