Monday, 11 May 2015

Needs Work' 2 Bedroom First Floor Flat in Carley Hill SR5 (8.7% Gross Yield)

We've managed a similar flat in the next door block for a number of years, so know that this 2 bedroom flat looks to be a good investment at a bargain price

Looking at the internal pics, it looks to be a half-finished refurb project so is going to need to be finished off and this should take no more than £10k ontop of the £45,000 asking price 

It doesn't look to be a massive project, a lick of paint and new flooring throughout and then finishing off the fitted kitchen and the work-in-progress bathroom

Our most recent tenancy is based on £400pcm but we have £450pcm in the past - based on the lower rental amount it will return a healthy 8.7% Gross Yield based on the total investment of £55k

Click here for details www.onthemarket.com/details/1495875 

Call me on 0191 567 8577 or email neil.whitfield@belvoirlettings.com



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