When I seen this property come available, the first thing I thought was - potential...massive potential! For those not afraid to get your hands dirty with some refurbishment this town house in Newport (on with Fodens for £99,950) looks like it needs full moderation, however, it offer good space in a good location.
Harper Adams university college is located on the outskirts of Newport and will provide a good steady stream of students looking for good accommodation. The university has grown over the years and is generally regarded as one of the premier university colleges in the country for agricultural and land based courses.
Monthly rents for students can vary, however if we look at an average of £250 per month per student, and you can create 4 bedrooms, there is a potential of around £10,000 per year, maybe more. I also believe capital appreciation will do well once fully refurbished.
There are some issue to take into consideration when venturing into the student market, however the returns can be rewarding. We handle student accommodation, so if you would like to know more please give me a call on 01952 306 444 or drop me an email on martin@letwithsignature.co.uk
See more at goo.gl/EVQNXC
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