This has al the hallmarks of being a refurbishment project if you read between the lines - just one external photo, below market value and sold with no upper chain. Intrigued? Then read on...
These houses in Wolverton are spacious and there is good demand for them locally, being located in the centre of town with schools and shops on the doorstep, yet with a garage set within the rear garden, so parking need not be such a big problem at this house. With UPVC windows already fitted along with gas central heating, the major improvements seem to have been taken care of, but I do wonder if it needs a full redecoration or some modernisation internally, so do get along and check this for yourself. In reasonably modern condition, with clean, newly painted walls, we would rent this for £995 PCM right now, so with an asking price of around £190k that would give the new owner a 6.3% yield. Even if you had to spend £10k on bringing it up to scratch, you would still see a yield of 6% which for the local market is a really good return.
If you really can't find what you are looking for on the property rental market and need a little help finding gems like the one above, speak to us about how we can keep you appraised of the latest opportunities before the rest of the pack. For more information about other potential investment properties that we could introduce you to (such as ready tenanted properties for sale by our existing landlords), or to ask about our thoughts on your own investment choices, call us now on 01908 562582 or send us an email.
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