After a few weeks with little reward, we've spotted a couple of things that should interest serious purchasers. These seem to be the pick of what's around at the moment.
This is a 1 bed town centre apartment, advertised at £77k. Lets assume you can pick it up for a couple of thousand less, but that you may need to spend a couple of thousand tidying it up. It's THE MOST POPULAR RENTAL LOCATION in town (seriously) and £500PCM is a safe price. Yield of 7.7% doesn't hurt.
This is a 1 bed HOUSE with garden in New Duston - nice upmarket area. It has offers of £76k on it, so will probably sell for a couple of thousand more. It needs a spend of £5000 to take it back to a tip top standard, and will rent for £475. A yield of 6.8% in one of the better areas of town.
A 2 bed Victorian Terrace very near the station and seemingly in EXCELLENT ORDER - ready to tenant at £575PCM. On the market for £112k, let's assume you can pick it up for £110k - that's a yield of 6.2%.
Some people are adamant they want something that needs no work, and will let straight away - what are you waiting for?
This is a 1 bed town centre apartment, advertised at £77k. Lets assume you can pick it up for a couple of thousand less, but that you may need to spend a couple of thousand tidying it up. It's THE MOST POPULAR RENTAL LOCATION in town (seriously) and £500PCM is a safe price. Yield of 7.7% doesn't hurt. This is a 1 bed HOUSE with garden in New Duston - nice upmarket area. It has offers of £76k on it, so will probably sell for a couple of thousand more. It needs a spend of £5000 to take it back to a tip top standard, and will rent for £475. A yield of 6.8% in one of the better areas of town. SOLD
A 2 bed Victorian Terrace very near the station and seemingly in EXCELLENT ORDER - ready to tenant at £575PCM. On the market for £112k, let's assume you can pick it up for £110k - that's a yield of 6.2%.Some people are adamant they want something that needs no work, and will let straight away - what are you waiting for?
