August 25, 2017
a rare renovation project
Another gem has hit the market in the last few days opening the door to developers or to landlords!
True renovation projects are in short supply these days with most properties having already undergone an element of renovation, or already been snapped up by savvy developers so this really is a gem which will sell FAST.
The house is on the market with Gascoigne Halman for £130,000 and looks to need a good £10-£15k spending on it.
Similar fully modernised houses on the street have sold for £175,000 giving a pre-tax profit of £30,000.
From a rental perspective, if done to a high standard the house could achieve £775.00pcm giving a yield of 6.4% (and that includes the £15,000 for works!!)
This house really is win win!