Tuesday, 25 November 2014

4 Bedroom Detached With Huge Capital Growth Opportunity

Good Morning, Heaters on full blast today, winter is definitely on its way and you already know that property sales go quieter during this period as people are less reluctant to get involved in big moves during the festive period, which is great for buyers as there is always a bigger room for negotiation with sellers.

Iv wrote a lot of articles regarding property yield in Warrington, but today i have come across a 4 bedroom detached house in the lovely area of Great Sankey. This property is on the market for offers in the region of £175k which tells me you could potentially get the price on this reduced. Now this property originally sold for £227.5K in 2006, so what i'm looking at here is potential capital growth. 

Similar Spec houses on the same estate are currently selling for around £190k this indicates the seller wants to do a quick deal and has gone below the market value. Looking at the area of the property and the developments around there and the go ahead of closing down the tip which is in the area I believe in time the house will pull back its value from that of 2006, in its current state this house would rent out at £900 pcm, no money needs to be put into the house it would probably just require a clean. 

If you have any questions at all, please give me a call, or pop me an e-mail over to tpatel@hamlethomesproperty.co.uk

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