I have found a great opportunity to invest in an end townhouse on Meldon Grange in Heysham. In my experience properties in the area rent very quickly and I don’t think this would be an exception. It is located in a quiet area and is close to local primary schools which will attract small families.
The property is in good condition and offers two bedrooms, a decent sized living room, modern bathroom and a good sized kitchen. It also has a nice sized garden – perfect for a couple or small family. The property has been updated with gas central heating and double glazing.
Most of the rooms are in good condition but in order to rent it quickly it may be an idea to update the kitchen and tidy up the back garden – if this was done I would anticipate a rental income of £500 PCM. If you could get the property for 110,000 and update the kitchen this would get you a healthy gross yield in the region of 5.2%
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