May 17, 2019
high yield investment
A two bedroom terrace came to the market yesterday with a guide price of just £85,000! The property has a tenant in situ so there would be no void period! a great buy to let to add to your portfolio.
The two bedroom terrace is on Mayfield Grove, its on the Reddish/Gorton border so a good spot for tenants! The current tenant wants to stay in the property and is currently paying £450 pcm which returns a yield of 6.7%.
I would say this rental figure is below market value and if the property was cosmetically updated slightly you could expect to achieve a rental figure of £600 pcm which would return a yield of 8.5% which is fantastic!
The selling agent is Sanderson James so get in touch to arrange a viewing, the Rightmove advert is linked here so you can take a look. Give me a call to talk further; 0161 474 8668.