At the moment, there are a lot of properties to chose from in the Springfield area, so picking yourself up a great deal, is quite likely. These little maisonettes offer a good prospect for rentals, these tend to go around £675 – £700 pcm, depending on condition. This one looks like it has had some updating already, so probably ready to go, with minimal work, if any required.
This is being advertised with a guide price of £150k – £170k, but to my mind, if they advertise a bottom price, they will probably accept the lowest price. So being a bit cheeky and going in low, you could potentially have a buy to let property generating you a yield of 5.6%.
If you are looking around and see a property that you like the look of and want some advise as to rentability and honest rental price guides, drop me a line, I’m happy to help. stephen.frost@martinco.com
