3 Bed Semi in Maulden for £135,000
I posted about this property in January this year (http://ampthillandflitwickproperty.blogspot.co.uk/2015/01/3-bed-semi-in-maulden-for-120000.html) as it was up for sale at £120k then. Its a 3 bed semi which is up for sale now at a guide price of £135k, and looking at the photo's absolutely no work has been done to it! Haha.
I wish the seller luck with this one, as they could be making a very easy £15k (less buying and selling costs) over 10 months, just for taking a risk - good stuff.
If you're thinking of buying this as a buy-to-let investment then you need to think about any renovation works and financing, as the property clearly isn't standard construction, meaning a mortgage will be hard (or impossible) to get for it in its current state. You also have to think of the implications when selling the property, if you can't mortgage it then neither will your buyer.
Still a good return if keeping for a long term investment, there's always good demand for properties in Maulden so it wouldn't be empty for long.
Can't help wonder what the story is with this one though, did it sell in January, did the buyer change their mind after buying it and decide to sell it straight away, was something found by the buyer that they didn't like, did January's seller not get any interest and they're trying again...? Nothing on Rightmove sold price list, but then not all sales are on there. Who knows? Good to see a 3 bed around here for £135,000 though, wish there was a lot more!
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