Category: investment deals

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a two bedroom apartment, in need of a touch of tlc – a perfect buy to let

New to the market this week is this lovely looking two bedroom ground floor apartment. Located down New Beech Road, popular for its cobbles, views of St Johns Church and close proximity to Heaton Mersey village this apartment is likely to be a desirable home for a professional couple looking to live near the trendy bars, restaurants and shops that The Heatons have to offer.

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a rare renovation project

Another gem has hit the market in the last few days opening the door to developers or to landlords!

http://www.rightmove.co.uk/property-for-sale/property-68437622.html

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!

 

 

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