Today I’ve come across this little period property and thought it was a potentially good property for investment. It’s a nice two bedroom terrace house situated in the popular ‘with tenants’ location of The Mounts.
Howkins and Harrison are the marketing agent and they have listed it for £135,000, and to me from the details it looks like it’s in an ‘available to rent’ condition immediately upon completion. I would suggest a rental valuation in the region of £600.00 – £650.00 pcm. So, potentially you could be looking at an annual return of 5.3 – 5.7% before fees etc.
At the moment, property is not hanging around, so if you are interested, you best go down to the agents to see about how to go forward.