Just popped on to Rightmove and saw this property which has been reduced with W H Brown so means the figures should now stack up as a good investment. It needs a little bit of cosmetic work doing to it looking at the photos, but nothing too expensive!
Being relatively cheap to buy at £95,000, this sort of property would easily achieve around £495.00 pcm in rental income, once you’ve spruced it up a bit. So say you paid the full asking price and spent around £5,000 ‘doing it up’ you would be looking at a yearly return of 5.9%.
Being at the lower end of the rental market, means that there is always demand for this type of property, so you can’t go far wrong here if you are looking for a property that will give you minimal void periods.