When investing in property most of us know we have to sometimes just look at the numbers…. forget it’s not where you would live, which is something I hear all the time, especially from new-ish investors.
Ok, I must declare, this property is on the market with us, but it is a genuine buy to let bargain.
£24,950 for a two bed terraced .. needs everything doing to it
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| Great Investment Project Darwen |
So at worst you pay 25k for it, spend 25k refurbing it, it then stands you at 50k. So long as you followed the refurb advice of an agent that can get you a top rent
I see no reason why you wouldn’t be able to add equity, and still deliver a double digit yield on this little baby, and pull out all your money again remortgaging it on a sensible BTL mortgage? (and still make a profit on the monthly cashflow).
if you see any other like this little baby and want to discuss if it’s right for you, why not give me a ring. Or better still cal in for a brew? I’d be more than happy to have a chat. My office is right in Darwen town centre, Ainsworth Lord Estates 49 Market St Darwen BB3 1PS Tel 01254 760 660 – ask for Paul.
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