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!