July 31, 2017
2 Bed Semi on Greg Street with a yield of 7-8%
This 2 bed semi detached house my attention today because of the asking price of £95,000.
The property is a good size two bed with plenty of outside space which would be ideal for tenants with small families, it is also in the popular location of South Reddish which makes it ideally placed for local schools and transport links. The property should easily command a rental income of £650+ Per calendar month giving a yield of over 8%. From the pictures the property is in need of some quite substantial work to bring it up to a lettable condition, but assuming a cost of around £15,000 for the work you would still be achieving a yield of over 7%.
For more information please click on the below link.
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