Upcoming Auction Property – Guide Price £37,500

http://www.rightmove.co.uk/property-for-sale/property-34478727.html

This could be an interesting property to watch, either as a long term investment or as a quick flip. With a guide price of £37,500 vs its market rate of c.£70,000 it will be one I’m keeping my eye on at the 4th June Old Trafford Auctions.

 

Regardless of the internal state, this property has a potential rental yield of around £500pcm and Clayton is a well sought after area for families and young professionals.

 

The area benefits from a direct metrolink line right into manchester city centre, and this property s situated close to all amenities and links.

 

Lets look at the figures! If you got this property at auction and rennovaed at a total cost of £75,000. You could happily expect a healthy yield of 8%. With well presented property in Clayton in such high demand, this property would not stay vacant for long at all!

 

If you are looking to invest in Clayton or anywhere in East & North Manchester  and would like any assistance, then please drop in to my offices on Moston Lane, Manchester for coffee and a chat, or call me on 0161 681 3724.
Look forward to speaking to you soon!
 
Regards 
 
Mike Brown

 

£ 800.00 pcm
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