An opportunity here to buy something at a slight discount, which is no mean feat in the current market. This is advertised at £95k, but I understand that an offer of £85k may be considered (not lower). It's worth £105k in immaculate order.
I've seen this property and there doesn't seem to be anything fundamental wrong with it. It needs updating certainly, and the purchaser should expect to spend £10k at least. It's also pretty badly presented by the current occupier, which I suspect may be what is putting the majority of purchasers off. Look past this though, and if you can buy for £85k that's a cheap buy.
It's about 1 mile from the town centre and will rent for £550 when done to a private tenant. A nice addition to the portfolio for someone.
Any questions, please ask me. richard.baker@belvoirlettings.com
