I've just been told about this great looking 4 bed detached house going to auction very shortly, don't delay and have a look now as the viewings start tomorrow, Wednesday 5th October, with the auction taking place on 20th October.....
Advertised with a starting price of £250k (obviously to drum up interest), this is likely to sell for just over £300k, and in fact it makes BTL investment sense right up to £330k, as this would still deliver a 5.5% yield to the new owner.
From the photos it doesn't look in bad condition at all, but do take the opportunity to check it out as there could be hidden damage or unfinished work, there certainly looks like some painting is in need of a refresh, and although the kitchen may be in good order it does look a little dated now for a house at this end of the spectrum, so an investment in a modern kitchen would be very welcome, and would in fact help to attract new high calibre tenants.
If you want to talk about this specific property in more detail, or would like me to attend the viewing with you to advise on works required and the costs involved, please just ask, there is no charge for this service.
I will regularly post what I consider to be great buy to let deals across Milton Keynes and surrounding areas on this blog 3 or 4 times a week, irrespective of which agent they are being marketed with. Maybe you should subscribe and be kept up to date?
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