This is a lovely little investment property where you can add value AND get a decent yield.
It's a 2 bed house in Hampton which needs work....
Its on at £309k but has been on the market since 8th April so definitely a deal to be done.
If you get it for £302k, for arguments sake, spend £8k on a new kitchen, bathroom and all the other bits and pieces, that will make your total investment £310k not counting costs.
The rental figure for a 2 bed house in Hampton is in the region of £1250pcm which would give you a yield of 4.8%. Not bad considering you would have added around £30k to the value of the property by modernising.
http://www.rightmove.co.uk/property-for-sale/property-47025995.html
Rebecca Smith
http://www.rebeccasmithpropertyservices.co.uk/
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