Wednesday 24 September 2014

Capital growth! Look at this property!




Buy to let is about capital growth as well as yield.

Have a look at this property in Warrington town right opposite Sainsbury’s. On the Market for £165k, considering in 2006 it went for £206k, the property has dropped by around £40k. This is ideal for an investor who is looking at the long game, as what you are buying here is equity. 

So this 4 bedroom house only needs a lick of paint and minor decorating so I'd say around £1500 tops on getting to a let, now this would rent all day long at £800 PCM. This brings in a yield of 5.8%, what if I told you that it could bring in a yield of 10%!

The property is in a great location to multi let. Converting this property to a HMO would be a strategy to increase the yield. After making a few phone calls and viewing the property iv worked out that there's not much cost to convert this to a 5 bedroom HMO (approximately £2500). Rooms would let for around £90 PW this would bring in £2000 pcm minus £500 for bills/council tax/internet etc... That’s where you can achieve 10.7% yield as well. 

Full details on link below:


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Warrington Warrington, Warrington, UK

1 comment:

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