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.
Thank You for all of the help and support in buying the property on Heybarnes Road. Excellent Customer Service, thank you very much.
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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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I have been associated with Partridge Homes for two years, during that time I am delighted with their service , It is of the highest quality, and I would definitely recommend them to other people.
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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.
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Partridge Homes and in particular Charlotte and Nicky have been extremely helpful and professional in there approach to helping with our Buy to Let property. They coordinated all the viewings were excellent in providing feedback and kept us updated on a timely basis.
They were always professional with a very personable approach for both prospective tenants and ourselves. I would have no hesitation in recommending Partridge Homes to others.
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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
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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.
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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.
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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.
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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.
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