This 2 bed semi got my attention when it recently came to the market and I thought it was worth letting you know about.
This property is a good size two bed with plenty of outside space which would be ideal for tenants with small families. It is located close by to the ever popular Dane Bank area which makes it ideally placed for local schools and transport links. The property should easily command a rental income of up to £650 Per calendar month giving a return of 6.5% assuming a purchase price of £120,000.
The property is on the market with Purple Bricks and can be found using this link.
I have featured this property in a previous blog back in June and its now £10,000 cheaper!
The property looks as though it needs some cosmetic work and would be ideal for anyone that has experience in refurbishing property to either sell or let. On the surface there doesn’t seem to be any huge jobs to do just decorating etc. The property is located in the centre of Reddish which is always popular for buyers/tenants.
This property is on the market for £110,000 and should return a rental income of around £650 per calendar month but could go for as much as £695 if refurbished giving a yield of 7% – 7.5% which is well above the area average of 6%.