I’ve said it before and I will sy it again. The greater the risk, the greater the return!
Todays property deal is up for sale with Farrell Heyworth. I still can’t believe we are promoting a competitors properties, however this blog is all about finding the best deals out there and giving local landlords thoughts to consider!
Harcourt Road. Once repaired, expect to achieve a rental income of £500pcm
As you can see this house is boarded up which is a good indication it’s a bank repossession. The selling agent has refrained from showing any internal photos giving us a clue it needs either some attention inside or that the power is switched off!
Let’s say you purchased this for £55,000. Let’s pretend by the time you have done work etc, it stands you at £65,000. You would still have a gross yield over 9%! You may also get a long term tenant wanting this, we are thinking most probably a younger family on housing benefit.
Check out the details here
http://www.rightmove.co.uk/property-for-sale/property-38952921.html