In a
market where estate agents are STILL overvaluing to win instructions, there’s some
very good value here if you’re investing and looking for a freehold property.
This is
a 3 bed house for under £100k. Not in the best area of town, but in an area
that’s very lettable. It’s going to need some improvement at that price, but
this is at least a £125k house once done and it’s habitable already so there’s no
way £25k needs to be spent. Unless there’s a structural issue – which there
shouldn’t be in a property of that age – this is very keenly priced and will
sell immediately.
Rental
wise, £650 is a safe figure for this once it’s been brought up to date. So let’s
say the final spend is around the £110k mark, that’s a return of 7% - a bargain
in the current market.
