Purchase
Price
|
£80,000
|
Headline
Return
|
8.2%
|
Rent
|
£550.00
|
Estimated
Return After Service Chg
|
7.4%
|
This has appeared today and is a definite if you're not massively fussy over area. Merthyr Road is fine - I probably wouldn't want to live there but it's 100% rentable - we manage 4 properties on this road and don't have issues.
This looks to be a 2 bed maisonette (flat) which should be a Local Authority lease (good!) and looks to be in well above average order. Will rent for £550 without any trouble. In the current market I'd usually expect the vendor to be trying much higher than this - I think £82,000 is a very sensible price compared to what else you can buy at that level. Lease length will need checking - but apart from that there should be no gremlins!
Contact me if interested and I'll put you in touch with the agent dealing.
Property can be seen here http://www.rightmove.co.uk/property-for-sale/property-35083854.html
