Large 3 bed house in the heart of Middleton, one of the more popular areas in Manchester
The property needs, decorating, flooring, some doors, work to the kitchen, garden tidying and a few other bits and bobs. We are looking at approx. £6,500
Three beds in this area are currently selling around the £125,000 mark. The larger ones (like this one) are selling around the £130,000
Rental income will be £8,700 a year or £725 a month.
Vendor has agreed to accept £110,000 which including the works will give you almost 7.5% return, with a little bit of equity as well from day one
Sourcing fees apply.
Reference: RS0304
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*** Investment Opportunity ***
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