Today's offering is going up for auction on 12th October, and as you can see from the photos it will require a full refurbishment, but the location here is what will sell this - directly opposite the only secondary school in Newport Pagnell, this is sure to be popular amongst families with school age children who wish to take up a long term tenancy measured in years.
I would budget up to £15k for the works it will require, because doing so now will future proof the property and put it at the top of the table for 3 bedroom houses in the area, so you will see a return on this investment and of course there is the future capital growth to consider, as a location such as this will always be in demand on both the rental and sales market.
Once renovated, I would expect this to rent for around £1050 PCM, and if your total investment including modernisation came to £240k, this would generate a yield of around 5.3%, but more than that it would give you one of the best houses on the whole estate.
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