Small yet perfectly formed, this 1 bedroom ground floor maisonette would make a fantastic starter property or nice addition to any portfolio, with ongoing high demand for similar rental properties locally.
Offered for sale at £120k cash only, this is because the lease will be too short to be able to mortgage against, likely to be around 60 years or so. For a canny cash buyer though, this could be a lovely little gem that could be smartened up for just a few thousand pounds, with the addition of more modern kitchen units, some new white goods, maybe look at the bathroom (no photos of this) and a quick lick of paint. With UPVC double glazed units already installed and a gas supply also connected, it is virtually all in place already, just needs a slight cosmetic lift.
On the rental market right now, this would easily rent for £625 PCM, maybe even up to £650 PCM if literally everything was sorted including fitting an efficient gas boiler. This would yield at least a 6.3% gross return, far better than having the cash in the bank - plus, do look into the price of renewing the lease, because it could well be viable and would certainly add to the resale value in the future when you come to dispose of this.
If you struggling to find anything decent on the property market and need a little help finding potential bargains 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.
Wow, what a blog! I mean, you just have so much guts to go ahead and tell it like it is. Youre what blogging needs, an open minded superhero who isnt afraid to tell it like it is. This is definitely something people need to be up on. Good luck in the future, man
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