Cracking Project and Buy to Let in Wellington!
I feel this is a fantastic opportunity to acquire a property with the potential of capital growth and a steady yield. A 3 bed family home located in a sought after area of Wellington. The last three 3 properties to sell on this street sold for £124,995, £130,000 and £155,000 respectively. All sold in 2014!
In the past, we have completely renovated a property to a good standard for £15,000. That’s including, central heating, a bathroom and kitchen. Lets say you acquired this for the asking price, and spent £15,000 on it, you could expect a rental return of 6.5% per annum. Once the work is complete, you could also own a property worth circa £125,000!
I would call Hamells today to arrange a viewing! This one will go quickly. Further details can be found on Rightmove: http://www.rightmove.co.uk/property-for-sale/property-50656429.html
Should you wish to discuss this property, any other specific properties, or just a general chat re the current market, please feel free to call me on 01952 884404 or pop in to the Broseley office.