2 bedroom Property in Keyham

I have come across this 2 bedroom terrace, which I think would make a good deal. The property is on the market with Fox and Sons and is priced at £85,000. The property requires some work and this is reflected in the price.

After the property has had some TLC, it should rent for in the region of £600 a month once work has completed to bring the property up to a good standard. Based on the purchase price this will give you a yield of 8.4%. I would expect you would need to spend in the region of £12,000 to £15,000 to bring this up to a good standard, after which the property should be worth £110,000+.

More details can be found on Zoopla. http://www.zoopla.co.uk/for-sale/details/33894889

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