Just seen this 2 bed Terrace in Gloucester marketed at £79950. Ok not for the faint hearted but if you fancy a challenge and an opportunity for adding value and a great return, then this could be for you. This will need some money spending. How much ? Hard to tell without viewing but say £20K , then that would be an investment of £100K and should rent for £550 PCM - 6.6% Return ! Have a chat with Steve Gooch and see how much they think this would sell for in tip top condition and I bet you will be quids in. Don't forget the Attic room potential . Maybe £575.00 if attic is suitable for a bedroom.
Steve Gooch say - This Two/Three Bedroom Property Is In Need Of Renovation. Benefits include Lounge, Separate Dining Room, Kitchen, Utility Area, Attic Room/Bedroom 3, Courtyard Garden In Need Of Landscaping and No Onward Chain.
I say that you should take a look at this and do your sums. Take a builder with you and get some idea of the refurb costs. This could be a great investment for the adventurous!
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