Today’s property deal is a little bit different to what we normally post but still is an attractive deal to the investor who likes to do work to a house to either sell on or rent out.
At just £65,000 this 4 bed ex-council house on the Marsh estate needs work. Done up, we’ve seen these houses sell in the region of £95,000.
However it has 4 bedrooms making it perfect for a family rental. You may have to consider renting to people in receipt of housing benefit however you may also find you’ll attract a long term tenant.
The city centre and train station is in walking distance and Willow Lane primary school is a popular choice with great ousted results.
If you spent £20,000 on it, and rented it out at there is still a gross yield of 7.7%.
Here’s the link to the selling agents property