We managed to have an internal viewing on this recently with one of our investors, and although it didn't suit him (he wasn't looking to do any work on an investment property), this could well appeal to someone who wants to get their hands a little bit dirty and add some value.
Whilst the structure and main fabric of the house is generally OK, it does need a new kitchen for sure, the decoration would need to be sorted and so would the garden. We are told that the existing owner will replace all the windows as part of the sale as they in a really poor condition, and that they would be open to a close offer on this. It will be offered with vacant possession, and when tidied up this could potentially be rented at up to £775 in a strong market - if you were to secure this for £170k then your yield would be 5.5% and it would be a very marketable property for years to come.
The details of this property have already been forwarded to our many subscribers who are currently looking for such an investment. If you are one of the hundreds of other potential investors reading this blog daily, why not take the next step and give us a call to see how we could assist you in your search for potential investment properties - or to ask about our thoughts on your own choices - call us now on 01908 562582 to see how we can help, or send us an email.
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| miltonkeynes.enquiries@belvoirlettings.com |
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