I’d be intrigued to know why the reserve has been set at on this 3 bed home! £70,000 is cheap, especially when I look at what they have previously sold at. ( The last home on here sold in 2008 for £105,000 ).
I’ve looked at the details trying to find the catch. This home looks nice! It’s modern and comes complete with private parking and a south facing garden. It was built by Jackson Homes, in the mid 1990’s.
You can expect to achieve a monthly rental of £500 for this home. If you got it at the guide price, you’d get a gross return of 8.5%. If you have to pay £80,000, you still yield a healthy 7.5%. far better than the bank is currently giving you.
http://www.rightmove.co.uk/property-for-sale/property-45394809.html