Would you have thought it possible to buy a one bed house in Hampton for £120k? I wouldn't! BUT, this one came on last week so I thought I'd look into the details. Yes, it's the size of a matchbox, yes, it needs a good chunk of work doing to it and no, you or I probably wouldn't choose to live it it BUT that doesn't mean its not a good investment!
The one thing I would say about this one though is that you would definitely need to get a FULL structural survey done on it before any money changes hands - flat roofs can make me nervous if not checked out properly as the risk of leakage or damage (often caused by a botch job) is higher than on a standard pitched roof.
The possibility of adding value here could be huge when you consider the average price for a one bed in Hampton is £289k! It would obviously not reach anything like that value given its size and appearance but even half way there would make your investment worthwhile. I would put the rental figure on this at around £900pcm once renovated and so, say you spend a generous £10k on it, that would give you a gross yield of 8.3%!! :o)
http://www.zoopla.co.uk/for-sale/details/34767430#qr5bFUFZT3E752Ig.97
Rebecca Smith
http://www.rebeccasmithpropertyservices.co.uk/
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