Runcorn Great Buy To Let Deal - 3 Bedroom Mid Terrace in Brookvale - 8% Yield

Mon 16 Jan 2017

Helen Pass, Director

If you are looking to invest in the Runcorn property market, the house I have picked out for you this week is a 3 bedroom mid terraced estate home on the market with Edwards Grounds, for £69,950. It is situated in Brookvale, a popular location close to the town park, Runcorn ski slope and within easy reach of schools , Runcorn shopping centre, bus routes and road networks. Its been on the market since June last year so the vendor may be open to a cheeky offer, but even at the asking price, it would make an ideal investment. Although I haven't been inside the house, from the pictures, it looks like it would probably need a some cosmetic updating such as a new kitchen, new central heating boiler and general redecoration and flooring throughout. I am sure actually viewing the property would highlight the full extent of the works required. Once the property has been updated, it would rent for around £550 per calendar month.

 

If purchased at the asking price, it could produce a fantastic gross yield of around 8% (Allowing £2,098.50 for stamp duty and an estimate of £10,000 for closing fees and the renovation). If a lower offer was accepted, the yields would be even higher. Please take a look at the link below and arrange a viewing with Edwards Grounds if you would like more information.

 

http://www.rightmove.co.uk/property-for-sale/property-54638578.html

 

Please keep an eye on The Runcorn Property Blog for more buy to let deals in and around the Runcorn area or give us a call or pop in to our office for a chat if you would like any advice on buy to let in Runcorn. We are always happy to cast our eye over any potential investments and offer guidance.