An incredible buy to let opportunity on has arisen on Mayfield Grove, Gorton. Refurbishment is required, however even with the costs of works factored in we would estimate a yield well over 7%!
Currently a 3 bed property, this mid-terrace is in need of total renovation. As the property currently has a small bathroom and small third bedroom, we would recommend knocking through these two rooms to create a larger bathroom, which would still leave you with two double bedrooms. As a larger style terrace the property also boasts two receptions rooms and a separate kitchen.
Once finished to a high standard, we would expect the property to fetch a tidy £650 per month in rent. We anticipate that £20,000 of works need doing to the property, so if bought at the guide price of £85,000 you would be looking at a net yield of 7.43% once everything is completed.
If you are interested in finding out more, head to Rightmove to check out the profile which is listed with Your Move: https://www.rightmove.co.uk/property-for-sale/property-77859682.html
If you wish to have a chat about this property, or other that you have seen, please call us on 0161 474 8660.
Author: Ellie Finch, Lettings Negotiator