August 17, 2018
buy to let in m18
A property with an attractive guide price of £90,000 has just been added to the market! its a two bedroom, mid terrace situated on Beatrice Avenue in Gorton.
If you look at the pictures available on the advert i have linked below, i would say its clear the property is in need of some modernisation in certain areas in order to bring it up to a particular standard allowing you to achieve the maximum rental figure. However i don’t think this will be the most costly refurb, i would say the flooring & the decoration would need looking at and potentially more once you have physicality seen the property, having said that the bathroom & kitchen appear to be ok.
Depending to what extent you refurbish the property would of course impact the amount of rental income you can achieve. I would expect the property to let for somewhere in the region of £550 pcm & £600 pcm. Your yield will obviously be determined by the price you purchase the property for and the amount you spend on it.
If you would like to discuss this investment further call me o 0161 443 4022.