Here we have an absolutely typical 3 bed terrace in the inimitable style of this area, complete with off road parking, downstairs WC and a converted garage. Wilson Peacock have this up for £120k, haggle a few pounds off for a bit of redecorating and possible tidying up internally (there are no photos, so best to go and see what it is like before doing all the sums), but if it is generally OK it would go back on the rental market at £750 today - and you would get that no problem. Based on these figures, it could yield 7.5% for you.
So you get a decent immediate return, but you would be unlikely to see a highly appreciating asset over time, and structurally it may need more work doing to it in the future as well (flat roof, external corrugated cladding). It is not in the most desirable of areas yet will always find a market, and for someone with the gumption to take this on, it could offer a good income.
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