March 28, 2018
development opportunity in central reddish location
Edward Mellor Estate Agents have a potential buy to let property to be sold at auction on the 24th April. With a guide price of only £85,000 i would imagine this property is going to receive a high level of interest both before and on the day of the auction.
There are a good number of photos available on the advert (link below) which lead me to believe the only works required would be cosmetic. In order to achieve the best possible rental figure you may look to update the bathroom but otherwise it seems to be in a good condition.
Depending on the quality of the finish and what you decide to do to this property will obviously determine the rental figure you can achieve, equally the rental yield will be determined from how much you purchase the property for and how much you spend refurbishing it.
I would think once refurbished to a reasonable standard a rental figure of around £700 pcm could be achieved. If you would like to discuss this property further give me a call on 0161 443 4022 or send me an email; email@example.com