A Refurbishment Project in South Yardley for a Buy & Sell or a Long Term Rental Investment
This Three Bedroom Semi Detached House is located on the popular Gotham Road in South Yardley. The house is being marketed by Steeles Estate Agents in Yardley and has been on the market for 12 days.
It is slightly frustrating as no internal photos have been loaded, therefore I have based the numbers on a budget of £15,000 to carry out the refurbishment. I have checked the EPC on the property and it is currently scoring 59 with a potential of 86.
The house already has Gas Central Heating, Double Glazed (where specified on the details) and a huge benefit as it has already had a kitchen extension. I am presuming that it may possibly need a re-wire, new kitchen, bathroom, decor and carpets. I would strongly recommend viewing this property ASAP and work out the exact refurbishment budget.
Based on a purchase price of £150,000 and my budget of £15,000 (which may be on the high side), we would look to rent this property for £795 PCM once refurbished generating a rental yield of 5.78%.
In terms of marketing this property for Sales Purposes, we would look to achieve around the £180,000 mark once the improvements have been made.
Should you have any property related queries please do not hesitate to contact me on 07540 462 033.
07540 462 033
Estate Agents in Yardley
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