3 Bedroom Terraced House in Yardley for £85,000!!

Posted on Jul 28, 2016 |
3 Bedroom Terraced House in Yardley for £85,000!!
This property looks great for buy to let purposes, the property went live with our Yardley Branch this morning and the phones haven't stopped ringing for details and viewings!

The three bedroom house is one of the Brook Cottages located on the Coventry Road in Yardley and priced to sell quickly at £85,000.

I would anticipate spending £10,000 to get the property to a good specification for rental purposes. Once in a decent standard the property would sell in the region of £105,000 - £110,000 in the current market.

In terms of rental, I would look to market this house for £650 PCM, generating a 8.21% gross rental yield based on a purchase price of £85,000 and allowing £10,000 to refurbish.

This house is Leasehold and has 92 Years remaining on the current lease and £25 per year for Ground Rent.

http://www.rightmove.co.uk/property-…/property-60907457.html

Should you have any property related questions please do not hesitate contact me on 0121 742 0404 or 07540 462 033.

Kind regards

Paul Partridge

Estate Agent in Yardley          Letting Agent in Yardley