The deal of the week that I have for you is this little 2 bed home with plenty potential, see what the agents have to say about it:
“A mature terrace property within easy reach of the town centre and the railway station. The accommodation comprises of entrance hall, sitting/dining room and kitchen on the ground floor with two bedrooms and a bathroom on the first floor. Externally there is a courtyard garden. The property further benefits from uPVC double glazing and gas radiator heating.”
I would say that this property does require a little TLC to freshen it up for the rental market to ensure you can secure a higher rent, so I feel that spending no more than £10,000 on this property, you could give the property a new look allowing you to land a monthly rental return of £750 pcm.
Being all in on this for £155,000 (£145,000 purchase price and £10,000 for refurbishment) you could secure yourself a lovely yield of 5.8%.
Not a bad yield on a Northampton property that in a great location for a rental.
take a look at this potential deal on the link below: