I'm expecting the following property to come up for sale in the next couple of days.
The property would benefit from some upgrading. Not immediately, but we suspect that over the next few years, or at the next change of tenancy, about £5k should be spent. The current owner doesn't have funds, and favours a sale instead.
In the current market the property would sell for about £110k if the works were done. I suspect an offer in the region of £100k would entice the owner, so the purchaser would effectively be picking the property up for £5k below the market rate. In the current market that's not a bad bet.
This isn't a bijou residence so if you're the type of investor who only wants something that looks pretty, this isn't one for you. However it's a perfectly sensible investment - the sort of thing I'd buy - so it will work well for someone.
Enquiries via ourselves on this property please. It will be formally advertised soon, so please get in touch if you're keen to view prior to advertising.
2 Bed House, Cambria Crescent, Abington East
We've managed it for a number of years - it comes with a long standing private tenant who pays £525PCM and is showing no sign of leaving.The property would benefit from some upgrading. Not immediately, but we suspect that over the next few years, or at the next change of tenancy, about £5k should be spent. The current owner doesn't have funds, and favours a sale instead.
In the current market the property would sell for about £110k if the works were done. I suspect an offer in the region of £100k would entice the owner, so the purchaser would effectively be picking the property up for £5k below the market rate. In the current market that's not a bad bet.
This isn't a bijou residence so if you're the type of investor who only wants something that looks pretty, this isn't one for you. However it's a perfectly sensible investment - the sort of thing I'd buy - so it will work well for someone.
Enquiries via ourselves on this property please. It will be formally advertised soon, so please get in touch if you're keen to view prior to advertising.
