It certainly isn't pretty. It's not in the best area of town, but we'll still let it privately for at least £350.00. You're never going to fall in love with this property, but it's one to add to the portfolio and let it earn you some money.
And although occupied currently, it's in a pretty shocking condition, so the safest assumption is you're going to have to everything to it internally. I actually prefer them like this, as there's no hidden cost - you know from the start that the whole lot is required. I'd say £12k or so would be right on this one - it's small, but everything is required. It's advertised at £35k - I'm not sure it will get that, but you never know these days. As such I'm assuming an offer will be in order.
| Purchase | £30k |
| Refurbishment | £12k |
| Monthly Rent | £375 |
| Yield | 10.70% |
What do you want for £40k?
