These properties are so popular from a rental perspective, whenever they come to the market, they always rent so easily. We had one on the market last week, which we rented for £700. This was top money for it, as the owner has spent a lot of time and money on improvements and was virtually like a show home!.
The details for this particular one that I have seen this morning, is not in bad condition, but is a bit smaller than the one we rented last week. realisticlly, this would achieve rent in the region of £650 pcm. Which with an asking price of £130,000, would generate you a gross yield of 6% if bought at the asking price. To avoid stamp duty though, you could always try a cheeky £125k offer and see where it gets you!
If you would like any advice on where to buy your investment property, give me a call
