Two Bedroom House on Garretts Green Lane for £100,000!!
The property market in Yardley/Sheldon/Stechford has gone crazy in recent months, so these types of property are becoming harder for Investors to get their hands on.
This Two Bedroom House on Garretts Green Lane is being marketed by Dixons Estate Agents in Yardley and believe me it will go FAST! I have already pointed a couple of my Investors to it, if you are interested in viewing I suggest you contact Paul Orme at Dixons on 0121 371 9130.
The house needs some TLC, it appears to have Central Heating so an Investor will not need to go to the expense of installing a new system. I would imagine that it will need approx £5,000 - £7,000 spending to get it to the standard that we require for our tenants.
Once refurbished I would expect to achieve £695PCM generating a gross rental yield of 7.5% based on purchase price of £100,000, stamp duty and a maximum refurb cost of £7,000.
The property is in a well sought after area for Jaguar Landrover Staff as it is in the middle of both the Solihull and Castle Bromwich Plants.
Should you have any property related enquiry or require a second opinion on a property purchase, please do not hesitate to contact me on 0121 745 2225 or 07540 462 033.