I’ve noticed a new to the market three bedroom mid terrace house located in Old Swan for a reserve price of only £60,000 through Allsop
Properties in this road have recently been sold between £68,000 (run down property) and £115,000 (done to a good condition) so this property does seem like a bargain. CLICK HERE to see previous sold prices. This property was actually purchased for £94,500 in 2007.
There are no internal photo graphs of the property due to there being a tenant living in the property but the outside looks fine and the roof is in good condition. CLICK HERE to see the property advert. The property advert states that there is a tenant living in the property and they are paying a rent of £400 per month, in my experience we have achieved rents of between £525 – £575 in that area so dependant on what condition the property is in, then i’m sure there would be room for an increase in this income.
Let me know your thoughts on this property or any other properties that you may have seen. If you spot a property and would like my thoughts on it, then send me a rightmove or zoopla like to firstname.lastname@example.org