An excellent opportunity to purchase a good size three bedroom semi detached city home with a good size garden offering scope for extension. This property is up for sale with Tylers for offers in the region of £310,000 but is in need of some updating and improvements.
Worst case scenario if you purchased the property at the full asking price ("which if I'm honest it is worth that") and then done a quick refurbishment saying a spend £3000 making your total spend £313,000 you could then instantly let the property for around £1350pcm offering you a yield of 5.1%
The property will certainly increase in value, it boasts a great location and has room to extend making this an investment where you could start small and increase your portfolio without having to buy more properties just yet, as you earn from this property you could extend slowly growing your investment at your own pace.
This property is great for the first time investor.
For further detail please see the link below:
http://www.rightmove.co.uk/property-for-sale/property-35411271.html
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