‘Project Property’ Cash Buyers Northampton

As we are at the end of another week and we get ready for the weekend, I have come across this property suitable for a ‘project property’…

http://www.rightmove.co.uk/property-for-sale/property-50327019.html

Click on the link above for more details, but briefly it’s being sold with the Northampton Estate Agent Jackson Grundy and in their valuers opinion, will only be suitable for cash buyers.

So if are a cash investor who is looking for a property to do up, increase the value on or generate a decent buy to let return get in contact with the selling agent to book your appointment time at one of the open days which are advertised as:

Thursday 7th September between 10am-12pm
Saturday 9th September between 10am-12pm

It’s a sealed bids process which they say you will be required to be submitted your sealed bid to the Bridge Street office of Jackson Grundy by Wednesday 12th September at 12pm.

The property has a guide price of £110,000 and the rental yields on this one, will be dependent on what pay for the refurb and how much you manage to get the property for , but I would say you if you can generate a yield of around 6.0% (which I think is doable) this would be a worthwhile investment!

Although this is a large project, and will not suit everyone, the potential on this property could be worth it for someone who likes a challenge!

I would love to hear your views