3 Bedroom Semi in need of modernisation with a potential 5%+ Rental Yield

Posted on Jun 13, 2016 |
3 Bedroom Semi in need of modernisation with a potential 5%+ Rental Yield
During my daily search of rightmove I have found this three bedroom house located on Elmstead Avenue in Sheldon.

The property is being marketed by Melvyn Danes Estate Agents in Sheldon. In my honest opinion the £145,000 price tag is slightly optimistic so I would try my luck with an offer at £135,000.

The house does need a refurbishment and I would budget to spend around £10,000 if you spend wisely. Once refurbished this property would be very popular on the rental market and I would look to rent this for £695. The rental yield based on a total cost of £145,000 would be 5.75%

Should you have any property related enquiry please do not hesitate to contact me on 07540 462 033.

Paul Partridge