I’ve spotted this new to the market two bedroom mid terrace house located in Old Swan. Old Swan is one of my favourite places to invest due to the reasonable property prices and the excellent demand by tenants.
This two bedroom looks like it may be a repossession but the property looks to be in very good order with the bathroom and kitchen looking to be around 5 years old. I feel this property would be ready for immediate occupation after a small amount of cosmetic work has been done.
2 bedroom mid terrace properties in Old Swan can achieve between £425 and £475 per month. If this property was purchased for £60,000 and rented for £450, then this would generate a gross yield of 9%.
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I think this seems like a very good purchase but best be quick as I can not see it being on the market for too long.