This Friday I have for you this terrace home for sale with Edward Knight for offer over £150,000 and this is what they have to say about it:
“Edward Knight Estate Agents are pleased to offer to the market this two/three-bedroom mid terraced traditional property situated in The Mounts. The accommodation briefly comprises; entrance hall, lounge/diner, kitchen, cloakroom/WC, cellar. To the first floor are two bedrooms with an additional third bedroom or dressing room which leads onto the bathroom. To the rear of the property is an enclosed mature garden. The property further benefits from partial double glazing and gas radiator heating. An ideal first time or investment opportunity. “
You would comfortable be able to achieve £795 pcm with the condition the pictures portray, which would give you a yield of 6.3% if purchased for £150,000!! So if you was to do a little bit of work on it, there is the potential to let the property out for a higher rent, which in turn once achieved your addition costs to modernise the property, there could be a yield higher than this achieved!
If you are interested in this property, check out the link below: