A Refurbishment Project in South Yardley for a Buy & Sell or a Long Term Rental Investment
Posted on Jun 28, 2016
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I am back today from my long weekend away and would like to share this property with you all.
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.
We have dealt with Partridge homes since Jan 2015 and have found them to be professional and helpful in all aspects of our enquires. Paul has been most helpful when we have needed his support and help in resolving any issues we have had. Would recommend this company and there services to anyone seeking to buy or rent a property. A very good family run business highly recommended.
reviewing Partridge Homes
I have rented with Partridge Homes for 5 years and I can recommend them to all. They are a truly wonderful family business, efficient and so professional.
reviewing Partridge Homes
I purchased my first house in August 2014, the team at Partridge were great and managed the whole process for me in a very efficient manner. I would definitely recommend Partridge Homes to anyone looking to buy in the area.
reviewing Partridge Homes
Excellent service from buying a home to letting and managing a property in Kitts Green for me. This is a family run business and it shows from the personal attention each member of staff have for you. Well done Partridge Homes you do a FANTASTIC job.
reviewing Partridge Homes
Great service, great people. Everyone there really cares, and that shines through in everything they do. We sold our house in Kings Heath in 2014 with Partridge Homes and we can highly recommend them.
reviewing Partridge Homes
It's actually a pleasure to recommend Partridge Homes. I've used several Letting Agents over the last 15 years as a landlord and they are (by quite a distance ) honestly the best company I've used. It's quite rare to find an agent that will just do what's expected , Partridge Homes really went the extra mile and located an excellent tenant and are currently marketing another property and so far have had quality viewings and arranged everything. Keep up the good work
reviewing Partridge Homes
I had previously placed our property for sale with another local estate agent. We had no luck with them and was then recommended to use Partridge Homes by a friend who had recently sold with them.
I have to say that matters took a turn for the better after I contacted your company. Your marketing techniques were far more proactive, and more people came to view the house over a short period of time which has resulted in a quick sale and completion. I was also impressed with the quality of viewings you sent our way- it was clear that your team focussed on good quality qualified viewings.
Selling property is complicated and I appreciated your patience in explaining all the details to me and keeping me up to date throughout the process.
Finally you saved us £1000+ compared to the first agent we had signed up with- plus we managed to get that Sale Agreed Sign outside.
reviewing Partridge Homes
Thank You for all of the help and support in buying the property on Heybarnes Road. Excellent Customer Service, thank you very much.
reviewing Partridge Homes
I was on the market with a previous Agent for 434 Days. I was recommended to contact Partridge Homes from my Solicitor. Within 6 Days of instructing Partridge's the property as Sold and the asking price of £299,950 was achieved. I would highly recommend anybody selling their property to make Partridge Homes your first point of call.
reviewing Partridge Homes
A BIG thank you for all of your help, time and kindness. You made a big difference in helping us as a family in selling our Parents house. It has been a hard time for all of us but you helped in any way you could.
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