Combine a good location with a property that's rented before then we have the making of a good investment, as 2 bed houses are always in good demand.
Its "Offers Invited" for this property which is on with Imperial Properties, who say the property has been previously rented yielding a 7% return based on an annual income of £6K.
Lets assume it sells for something similar to No.8 a couple of doors down which sold for £93k back in July of this year, then this could offer a gross yield of £6.45%,depending on its final purchase price.
And with healthy long term capital appreciation, this is one to be considered.
See more at http://goo.gl/f3LNTS
As always, if you would like any advice or my opinion on the Telford property market please feel free to call or email on 01952 306 444 or martin@letwithsignature.co.uk
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