Currently on the market for £65,000 by Reeds Rains, this two bedroom terraced property presents an interesting investment opportunity.
Situated on New Lees Street, the property benefits from a quiet location whilst overlooking the leafy Cedar Park.
The property poses an opportunity to make a low purchase investment before conducting a refurbishment, as the house would require some minor work in order to modernise and add a personalised touch. A similar property also requiring refurbishment nearby is currently on the market for £87,000, highlighting the great value this property could potentially draw.
The property is also ideally situated for access into the town centre, local hospital as well as a variety of schools should a small family be looking to rent in the area.
A rental figure of £525pcm would easily be achievable leading to a yield of 9% prior to any refurbishment works.
The property can be found here on Rightmove. If you would like to discuss the property or any further buy to let deals within Tameside, please get in touch on 0161 883 2525, or drop me an email: email@example.com