As some of my regular readers will know, I spend a fair chunk of time trawling the property portals, trying to find potential deals that would make a great buy to let investment. With more landlords coming to the market, it is more important now to make sure that landlords are buying the right types of property for what the market demands. That’s why I have been doing what I have to hopefully aid the decision making process.
Today I bring to you a really good sized flat in the popular Duston area…… but it definitely needs some modernisation, so if you want a do-er up-er this could be for you. It looks like you will to put in a kitchen and bathroom, redecorate, new carpets and possibly new windows, so you will need to budget for this.
Rental wise, these type of properties should rent out for around £625 pcm, so when you compare it the asking price of £85,000 and let’s say you spend £15,000 on the doing up bit, you are looking at a potential annual return of 7.5%.
Check this one out at the following link and give the Simpson & Partners a call…..