Two Bedroom House with Potential 7% Rental Yield
I am very keen on this Estate for Buy to Let Investments, in fact this was the Estate I purchased my first ever property many years ago! We manage several on this road and it is extremely popular for professional working tenants.
The property has been on the market for a couple of weeks and is listed with Purple Bricks Estate Agents. The price seems half decent, however as the house does need a bit of TLC I would look to put in a slightly lower offer.
The property is priced at £107,000, I would allow a budget of £5,000 to get the house tidied up and ready to be at a standard that we would require to house one of our tenants. I would be very tempted to try to pick this up for around £100,000 to a maximum of £102,000.
Once refurbished I would look to market the house for £625 PCM, generating a 7% rental yield.
Should you have any property related enquiry or simply require a second opinion on any potential property purchase please do not hesitate to contact me on 07540 462 033.
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