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
If you would like any further advice on this property, development or any other properties, then please do not hesitate to contact me on firstname.lastname@example.org