For someone who doesn't mind work, this property presents an opportunity to secure a Victorian terrace for below the market rate. Buy this property 'done' and it would cost you about £110k. Buy it in the run down state it is, and do it up, and you should come in at much less than £110k. As such there's a deal there for someone who 1) has cash and 2) isn't scared of a bit of work.
This is a 3 bed Victorian terrace with downstairs bathroom in the Mounts. A staple rental property, it will achieve £575 when done, as it will be in immaculate order. It does however need pretty much everything doing including re-plaster, windows, kitchen, bathroom, re-wire, central heating etc. Expect to spend £20k unless you're 'in the trade' and able to get this discounted. It's perfectly achievable - our maintenance team will give a fixed quote if required - as such you can subcontract the work if you prefer.
We suspect this house isn't mortgageable as it doesn't currently have a kitchen!
Interested parties please get in touch - we understand the property can be purchased for around the £78k mark. As such it will work well to keep as a rental property, but not quite well enough to buy, repair, and sell.
We suspect this house isn't mortgageable as it doesn't currently have a kitchen!
Interested parties please get in touch - we understand the property can be purchased for around the £78k mark. As such it will work well to keep as a rental property, but not quite well enough to buy, repair, and sell.
