Looking at this property you can see it hasn't been touched for years, the decor and fittings really need updating - BUT the basics are great! Huge rear garden, off road parking, upvc windows and central heating rads all look pretty new, and the rooms are a decent size. Downside is oil fired heating but you can see a wood burner in there which would save some costs.
I think this would rent for around £800 per month or more, and if you could buy for £175,000 thats a 5.48% gross yield. As the property definitely needs some updating there should be scope for an offer based on the cost of the works.
If you’re a new or experienced investor and are
considering buying in the local area then please feel free to get in touch with
me if you’d like a second opinion. You can reach me on 01525 838848 or email
graham@1st-house-lettings.co.uk and I’ll get back to you personally. Our office
is in The Rufus Centre, Flitwick.
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