It's a 2 bed ex Local Authority flat in Thorplands. We rent several of these and you'll have seen numerous on this blog over the years - currently in decent condition £625-£650 is the going rate for quickly securing a decent working tenant.
This one is advertised at £90k. It's clearly dated but even once you've finished the works you're going to end up with a return of over 7% before charges. And speaking of charges these are usually reasonable as the freeholder is the Local Authority. It seems that this flat even comes with it's own private garden which is a further advantage. We've seen nice examples of these selling for over £110,000 in recent months so there's definitely some money in this for someone.
If you want to discuss further, email me - richard.baker@belvoir.co.uk
