Type: 2 double bed terraced
Asking price: £80,000
Status: Tenanted at £500pcm, however this could be increased to £575pcm
Refurbishment Required: No
Estimated Rental: £575pcm
Estimated gross rental yield: 8.63%
Tenure: Long leasehold with residue of 999 years
Sourcing Fee: £3000 plus vat
Well-presented two double bedroom terraced house in a popular area of Oldham. Currently tenanted, and the tenant has expressed an interest to continue living at the property.
The current landlord has let the property below market value at £500pcm, so there is room to increase this to the current rate which is expected to be £575pcm, offering a gross rental yield of 8.63%.
The property is in good order and doesn't require any cosmetic refurbishment immediately. The kitchen is dated, however is fit for purpose.
Contact the Portfolio8 team today for more information.
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