Although this property would benefit from modernisation, not much work would be required to make this a great buy. I would say this property would be worth in the region of £130,000 if it were re-decorated, re-carpeted and had a newly fitted modern kitchen and bathroom. Those works would not total £20,000 which already makes this an ideal buy.
What also makes this property a wise purchase is that fact that it is located in a very popular location for renters. This means that the house will attract buyers of all types and buy to let investors may have a keen interest in this. They could enjoy a monthly rent of £575 once refurbished which would offer a yield of 6.2% but any buyer would need to factor in the costs of refurbishment.
This house has an excellent garden to both the front and rear so will also attract young families and these are also the prime target for any investor purchase who would like to rent this property to these young families looking in the area.
This house offers excellent opportunities for investment so is sure to attract a high amount of early interest.