The most in demand properties from investors are cheap freeholds. In the
current market a lot of these don't get advertised, but I've had a trawl through
and pulled out some that look of interest. I'm unsure if they are still
available, but all are sensibly priced and would rent well. If you're out of
area and want me to view, let me know. If you have questions, please ask me. richard.baker@belvoir.co.uk
This isn't in the best area of town, but is a cheap freehold property that
will sell very quickly. It will rent quickly too - £575 would be a sensible
figure here.
I suspect it needs some upgrading - maybe a few thousand - but it's still
cheap relative to what is available in the current market - you can not usually
buy freehold at this price.
This is cheap too. The good thing about this is it's pretty clear it needs
everything doing - a £15,000 spend and it will like new - and because we're
factoring in everything there's no potential for nasty surprises. We could
easily sell this for £135,000 once done, so there's already a bit of margin for
the purchaser - not a huge amount, but more than you get on any other
property. I like this sort of thing myself because even though there's 2-3
months of dead time at the start, once I'm done everything is brand new and
guaranteed. It will rent for min £600 once done, and we're probably looking at
£650.
Something going on here! This clearly needs some improvement in places but
it's worth WAY over £115,000 unless I'm missing something - and it's in a London
Property Auction. Usually I'd expect this sort of thing to be a repossession,
but this one clearly isn't from the marketing photos. Equally, it may be
advertised low with the intention of filling the room and selling it high, but
even so why would this type of property go to auction anyway, given than it
should easily sell for good money privately? Requires further investigation, and
the agent was not forthcoming. If it's falling down, or that extension is
illegal, that would explain it. But pull the extension down and you still have
£140,000 of property, so that shouldn't be a factor either. As you'll realise I
haven't investigated this as I don't have a good contact at that agency, but if
you fancy putting in some legwork, feel free to investigate yourselves.
