As some of my regular readers will know, I spend a fair chunk of time trawling the property portals, trying to find potential deals that would make a great buy to let investments. With more landlords coming to the market, it is more important now to make sure that landlords are buying the right types of property for what the market demands. That's why I have been doing what I have, which will hopefully aid you within your decision making process.
Today I bring to you a really good sized semi-detached house in the popular Newmarket road area…… but it definitely needs some modernisation, so if you want a do-er upper then this could be the one for you. It looks like you will to put in a kitchen and bathroom, redecorate, new carpets and possibly some new windows, so you will of course need to budget for this.
Rental wise, these type of properties should rent out for around £1700 pcm, so when you compare it the asking price of £325,000 and let’s say you spend £15,000 on bringing the property to a good specification, you are looking at a potential annual return of 6.0%.
Check this one out at the following link and give Tucker Gardner a call.....
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