2-bedroom house at an agreed price of just £38,000
Similar-sized houses in good condition are sold at £55,000-£60,000
- Current rent £350 per month/£4,200 pa – potential to increase
- Rental yield 10.6% per annum- potential to achieve circa 12.2%
- Managing agent in place
- Popular buy-to-let area
- Potential for capital growth
- No Stamp Duty