Monday 20 April 2015

Leighton Buzzard 2 Bedroom House - Close To Town centre

Doing my normal Monday morning scanning, I came across this property for sale in Leighton Buzzard on Rightmove - I have not looked at it myself but you may wish to.

http://www.rightmove.co.uk/property-for-sale/property-51272780.html

It came on the market on the 21st March 2015 and is on the market for £150,000 throughout that period with no variations in price. Advertised as a renovation project and is for cash buyers only which would suggest that it is unmortgage-able. But the winner with this property, is that it is a blank canvas and with a little imagination you can bring this property into it's own.

Return On Investment


Depending on how much you buy the property for and how much your renovation costs will be, you could buy and renovate the property for about £160,000. The rent is estimated as being in the region of £780 per calendar month giving you a 5.8% yield on your investment.

Valuation Estimate: £174,000

Valuation Range: £157,000 to £192,000

Rental Range: £700 - £860 pcm

Rental Estimate: £780 pcm

EPC: G!!

Demand


Rental demand in this area is very high, so you will have no trouble renting this out once it is renovated. You will, more than likely, rent this property out to a couple or single professional person for medium to term.

If you are one of the many readers of this blog looking for investment property, why not give us a call today and we can talk you through your options and help you find your next investment property - Like the one above! Call Mark on 01296 20 1234


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