Tuesday, 18 November 2014

Diamond In The Rough Warrington - 7.5% yield

This house has the potential to be a really good investment property. There is quiet a bit of work that needs to go into this property, we had a similar property on the same road in a similar condition, to get it back to a let standard you will be looking at putting about £10k into the refurb costs

This area is popular for many reasons, the main one being the local schooling and being a 3 bed house, means that you should attract a family and generally speaking, families are more likely to be a long term tenant, meaningless void periods for you as a potential landlord.

The potential annual yield on this particular property, is also pretty good at 7.5%. Being on the market for £70,000 and would rent in the region of 475 - £500. The chances are at the moment it would be at the higher end of the price guide for rent, due to lack of supply and extremely high demand!

If you have any questions about where to buy your next, or even your first property investment, drop me a line on tpatel@hamlethomesproperty.co.uk

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