Monday, 22 December 2014

Deal of the Day - 3 bed terraced, Summerhill, Sutton Hill, Telford - Refurb and make into a two bed?

This has just come onto the market for £69,950 with Harwoods. It looks like it needs some work, however looking at the floor plan I think you could make bed 3 (which is very small) into one large master bedroom, this would make two good sized rooms, and two beds are in demand more so than any other property type.
 
A minimum rent of £475 pcm could be achieved, and for example purposes, lets assume a final cost of £75k, the gross yield could be around 7.6%
 
 

 

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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