This interesting period property located at the end of a cul-de-sac is a steal at just £60,000.
According to the marketing agents, Bridgfords (Manchester office) the property requires a full renovation. So the initial investment will be more than just £60,000. But the potential yield on this property is enormous and once complete will be well sought after.
The location is perfect for both families and young professionals, being close to all amenities, easily accessible via bus & train to Manchester and Oldham and boasting gardens to 3 sides and 3 floors – this property could be a good earner in the right hands.
So let’s have a look at the figures! Properties of this type, location and size will rent out for £625 – £700 per calendar month, even with a rennovation invesment of £25,000 you can easily expect a whopping 9.88% rental yield.
No chain, freehold property. One to watch and as its just around the corner from my office i’d be happy to view it with my building company and get a quote together for you for renovations.