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Advertised
this morning, and very probably gone already at that price – it’s a 1 bed ex
local authority flat in Lings at £60,000. It would rent for MINIMUM £450 which
is a 9% return. Improve it in places – although it isn’t bad as it is – and you’ll
get a few pounds more and importantly a better tenant. It’s almost TOO cheap in
the current market which makes me wonder if the ad is genuine.
The
property is here http://www.rightmove.co.uk/property-for-sale/property-59452550.html
and advertised with another agent. The agent won’t want to hear that you’ve
learned of the property from me(!) At the price it’s one to buy without viewing
– if you don’t, someone else will. Any queries please email me richard.baker@belvoir.co.uk
