I’ve spotted this new three bedroom house located in Old Swan come on the market with Entwistle Green. The property is currently available for £70,000 and looking at the photos, it looks like it only needs cosmetic works to get the property ready to rent out.
I have rented out several properties in this road and due to the size of the houses, they prove popular and I feel that if decorated to a good standard, then it could achieve £550 per month. If purchased slightly below asking price and spending a few thousand to get it ready, then this could work out as a good investment.
Although the price does seem correct for this property, one property recently sold for £97,000 and this was in a fantastic condition so it shows that value can be added to properties and people are willing to pay above market value for properties in a good condition. Click here to view previous sold prices.
Click here to view this property advert on Rightmove
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