My colleague has been instructed on this 2 bed house in Rugby, Victoria Avenue, which needs a fair bit of work having not been touched for a couple of decades. It has double glazing but not much else. It must be a CASH PURCHASE as any mortgage company is going to worry about the internal condition. But if you are experienced I'm told there's not too much to worry you here - just a fair bit of hard work for whoever buys it. We've got a price of £115,000 on it but I understand there may be a little bit of downside on this if someone sensible gets in quickly. There's a block viewing planned for Saturday week - I suspect if this gets as far as the block viewing the property will end up selling for in excess of asking price. Vendor is on board with this approach. richard.baker@belvoir.co.uk if you're interested.
Thinking of re-selling?
A nice one on this road would be around £135,000 based on sales in the last few months.
Thinking of letting it?
A nice 2 bed house would get at least £650 in rental once the condition is improved. It's not lettable as it is.
