If you’re thinking of dipping your toe in the buy to let market, but don’t feel like/ aren’t able to spunk a load of cash, ooop North offers some potentially good rental yields.
Now, I know Blackpool isn’t best known for being a property “hotspot” however this two bed terrace going under the hammer is guided at just £25,000. Obviously, what you pay depends on how many other people fancy their chances, but anywhere near the guide sounds pretty good (caveat: I haven’t seen inside the property and am working purely on paperwork).
End values in the street hover around the £60k mark and with two bed properties in the local area fetching around £500pcm, you could be in for a pretty good yield.
Granted capital appreciation probably won’t be all that, but if you’re looking for a long term income payer without laying out too much, this may be just the property!
Contact the auctioneer for more details. Auction being held 6th February.
11 Freckleton Street, Blackpool, Lancashire, FY1 4AW
Two Bedroom Extended Mid Terraced House with Two Reception Rooms