If you want to add value to an investment property then the way to go about it is to buy one that needs some work, because anything you do will immediately improve its appearance and make it more 'lettable', but best of all, the money spent on it is not money down the drain - the value will be there for years to come, provided you do it correctly and sensibly, and here is one such property.
Do go along and check the location, because on the one hand it is within walking distance of the only secondary school in Newport Pagnell, and whilst it is also a very 'family friendly' estate, this particular street is quite close to the motorway, and noise may be an issue so check this out.
For sale today at £175k, it would need a new kitchen, a full redecoration, the garden and fences could do with a bit of work, but with no upper chain and good schools on the doorstep tis would rent today for around £875 PCM which is a very nice 6% yield. Even with a £10k budget for improvements, your return would be in the region of 5.7% - clearly there is some money in this deal, so don't delay and get along to see it for yourself. In this area last month, there would have been 7,179 families searching for this kind of property according to Rightmove statistics, so you can see the sort of demand there is here, and once tidied up and modernised, this could be a decent earner for many years to come.
If you are one of the hundreds of 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.
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