It's unusual for a factory conversion to appear on my list of decent buys - simply because these things always tend to attract a decent sale price irrespective of the housing market.
This one is an exception - a well presented studio unit in walking distance to the town centre - nicely finished and available at around £60k if you're quick. Note that an asking price offer of £60k has already been made (not by one of my landlords) within 24 hours of the property becoming viewable. It will rent for £450PCM, but to get that I need you to furnish the property (or let me furnish it!). This isn't a big job, as the place is tiny, but it will help you get the rental price you want. Alternatively, you could leave it unfurnished and rent it for £400PCM. Once done, you'll have a really stylish unit that will be very rentable.
Once furnished, a spend of around £3k is required to cover (decent) furniture and a few running repairs that have not been attended to by the previous owner. Purchasers should note that to get a return on this property, the furniture needs to 'fit the part' and attract a good quality tenant. As such this is not an opportunity to empty the garage and see what's been gathering dust for the last 10 years!
This one is an exception - a well presented studio unit in walking distance to the town centre - nicely finished and available at around £60k if you're quick. Note that an asking price offer of £60k has already been made (not by one of my landlords) within 24 hours of the property becoming viewable. It will rent for £450PCM, but to get that I need you to furnish the property (or let me furnish it!). This isn't a big job, as the place is tiny, but it will help you get the rental price you want. Alternatively, you could leave it unfurnished and rent it for £400PCM. Once done, you'll have a really stylish unit that will be very rentable.
Once furnished, a spend of around £3k is required to cover (decent) furniture and a few running repairs that have not been attended to by the previous owner. Purchasers should note that to get a return on this property, the furniture needs to 'fit the part' and attract a good quality tenant. As such this is not an opportunity to empty the garage and see what's been gathering dust for the last 10 years!
