For anyone looking for a project, this could be a decent proposition for you. A 1 bed apartment in the delightful Walton Park (just down the road from some BIG houses, the ones where landlords like to live themselves) and with great lakeside walks and views, this is up for sale at £90k and would probably set you back around another £10k to fully refurbish and redecorate. Don't get me wrong, it does need plenty of work, but most of the preparation and cleaning could be done by yourself, only using tradesmen for the final fit & finish, so you can definitely add value to this property right from the word go.
Once on the rental market, this would achieve around £595 PCM, giving you a gross yield of 7.1% or thereabouts, depending on the level of finish and how much you finally spend, and with Red Bull Racing & The Open University as major local employers in the area, this property would appeal to those young professionals looking to live here.
For more information about this particular property, please call us now on 01908 562582
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