Monday, 5 October 2015

Redhouse 2 Bedroom Auction Property - One to Watch

This 2 bedroom semi in Redhouse is being auctioned on 22nd October in Derby and given the location of the sale & given the agent seems to have very little information with little time before the sale it may still be available at the end of the month and open to offers

Click here for details (not that there are many pics or details) http://www.rightmove.co.uk/property-for-sale/property-51786901.html 

The Guide Price is £56,000 and the most recent sale of a comparable property was £88,000 earlier this year - so perhaps there is scope for a deal to be done (given the particulars suggest the reserve price is likely to be no more than 10% above the Guide Price, so £61,600)

It's being sold with vacant possession, another factor that suggest the vendor may be motivated to sell quickly at a price that stacks up as a bargain

You'd be looking at £450 - £495 rent depending on the condition of the property (can't tell what state it's in given there are no internal pics...but I'd suggest you should budget on it being not great!)

Call me if on 0191 567 8577 or email neil.whitfield@belvoirlettings.com if you'd like to have a chat about this property or any aspect of property investment in Sunderland




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