Jackson Grundy have this opportunity available in Chatsworth Avenue in Northampton.
See what they have to say about it:
“Offered for sale with no onward chain and in need of modernisation is this two bedroom semi detached property. The accommodation comprises entrance porch, lounge/diner and kitchen/breakfast room to the ground floor. To the first floor are two bedrooms and the bathroom. Outside there are front and rear gardens, the rear being south facing. There is off road parking to the front leading to a single garage. EPC: tbc”.
Chatsworth Avenue is an area of Northampton that is a very good area to invest a rental portfolio in as the demand is always there and the price of the properties can be very affordable.
With this property you can see that there is some work required. I would say that you would have to spend up £15,000 to bring it up to a good condition to rent out.
Going with the asking price and the refurbishment costs of £15,000, you would be all in for £165,000.
I would say that you could expect a rental return each month of £700 pcm.
This could mean a yield of 5% could be achieved!
For a further look, use the link below: