Wednesday, 15 October 2014

2 Bed Houses in Warrington rent like Hot Cakes!




Landlords always ask me what type of property should they buy next for their next investment, my answer is always "2 bedroom properties". It doesn't matter if it's a house or a flat, either will rent all year round. Flats will appeal to professional couples who might be commuting, as there is generally no garden to maintain. Houses will appeal to couples or small families, who need a garden.

I've picked this one out from my Rightmove surfing today and thought that this was lovely. It's very nicely presented from the outside, needs to be modernised inside, looks like it needs central heating throughout and new flooring and decor i estimate around £10K refurb cost. Just look at the details on the link below:


http://www.rightmove.co.uk/property-for-sale/property-45469492.html


On the market for £95,000, which considering the condition and the fact it also has a garage, isn't too bad. (It's always nice to try and get a bit of money off though isn't it!)


You would be looking at a rental figure in the region of £550 pcm realistically, which would generate a gross yield of 6.3%. Whilst this may not be one of the highest yields you can get in the Warrington area, if you take into account the desirability of the property, you are unlikely to have long void period, which you might with a property in a not nice area or not great condition/style. 

If you have any questions regarding your search for an investment property, give me a shout.




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