Whilst cosied up in my office this morning, I happened upon this lovely little house. The price is top end of what it should be at £174,995, but this reflects the condition in my opinion. You probably wouldn't have to do anything to it to get it ready for a tenant.
http://www.rightmove.co.uk/property-for-sale/property-55546142.html
It is also Freehold, which is a bonus with these houses, some of them are leasehold, but not this one.
Rental wise, you would be looking at a realistic rental price of £725 pcm, which when you work out against the purchase price, could look to generate you an annual return of 4.9%, which still isn't too bad. OF course if you can do a bit of negotiation on the asking price, even better!
If you would like any advice on where you should be looking to buy your investment property, feel free to pop in for a chat, I'll get the kettle on.
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