Location: Manchester
Property Type: Terraced House (2 Bed)
Purchase Price: £89,000
Rental Income: £750pcm (predicted)
Tenure: Leasehold
Status: Empty
Strategy: Refurb/Renovation, Flip/Let
A genuinely discounted renovate to buy to let/flip property opportunity in Tyldesley, Manchester, with comparables locally set at £115,000 plus, a whopping £26,000 above your purchase price.
With end rental values over £750pcm you can pocket gross yields over 10% with some renovation works needed. Recommended is new flooring, a bathroom suite, Kitchen tidy up, front and back door, a touch of decorating and some skirting boards painting as well as some rendering outside.
Once finished this leasehold property in an area of high rental demand will prove popular to tenants. There’s a good 800 years plus on the lease which was originally implemented for 975 years upon build in 1886.
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Please Note: Property values can decrease as well as increase. No express or implied income claims are made herein. Historic performance should not be taken as a guarantee of future performance. Leveraged property investment with mortgage finance can increase the risk of losing money as well as increasing the possible gains.
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