Tuesday, 4 November 2014

Wellfield Street Is Very Investable

Its been a busy morning, iv only just got around to doing my rightmove/zoopla deal hunting! Now i mentioned on my last post that 2 bedroom houses will rent all day long in warrington which is ideal for an investor as he/she can always have the pick of tenants and chances of voids are slim.

Wellfield Street is the hotspot for investing, Location is great, close to a Primary School and High School, also has a Co-op and Spar on the door step. Sankey Valley is just around the corner to enjoy nice walks, all of this and its only a 15 minute walk into town.

This 2 bedroom house which has just come on the Market is a Steal, its on the market for £75k probably needs about £10k works going into it but thats an estimation it may not need that much work going into it. It has central heating and doors and windows are uPVC according to the advert.

Remember theres always room to negotiate the price, A house like this will rent around £475 pcm. so going off the figures iv listed you would be looking at a healthy 6.6% yield.

If you need advice or good contacts for tradesmen over the winter period or anytime of the year, drop me a call on 01925 235 338 or email at tpatel@hamlethomesproperty.co.uk

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