Auction 3 bed terrace in Wolverton offering potential returns of around 8%

On 14th August there is a property auction at The Hilton Hotel in Milton Keynes, and lot 9 is a 3 bed terraced house in Wolverton:

http://auctionhousebb.co.uk/ 

Now it looks like it may need around £30k spending on it, but it would currently rent out in a renovated & modern style at around £900-925 PCM, so if your total spend was £130k it would yield 8.5%, a spend of £140k would yield 7.9%. For someone looking for a decent project, and with the skills or connections to do this for under £130k, it represents a great return on investment. Certainly worth a look and an afternoon out down at an auction I'd say.