This 4 bed mid terrace is in a fair condition, but does require a partial refurbishment to make it habitable.
An estimated £4,700 will be required for the refurbishment works in addition to an acquisition price of £90,000 – meaning a total maximum outlay of £94,700.
We have managed to secure a net income of £795 per month on this property over a 5 year period as a government backed asylum seeker property investment meaning a total net income per year of £9,540. Taking into account an estimated 10% to manage the property, the net result is a 10.1% net yield against cash invested.
From the entrance hall is a dining room with sliding doors to the front lounge. To the rear is a fully fitted kitchen and under stairs storage. To the first floor are two double bedrooms and a fitted shower room. The property has gas central heating, uPVC double glazing throughout, front garden and rear yard.