Is this an ideal hands-free tenanted investment? Settled Tenants, 5% Gross Yield & Scope To Add Immediate Value.

This three bedroom semi-detached, in the popular Belle Vue area, needs work...but it's all cosmetic. It's a solid bay fronted semi in a handy location that will always be popular with family tenants.

The property is priced to reflect the work required. That gives you the chance to refurbish to a good, modern standard and enjoy the uplift in value.

You don't need to think about that right now. The current tenants are happy and settle, currently paying £500pcm rent, which will give you a solid 5% gross yield.

It has gas central heating & double glazing but it's crying out for a new kitchen, the bathroom is dated and it needs a lick of paint and new flooring throughout.

You should also put some money aside to tidy up the rear garden and outbuilding.

It's a decent sized garden with double gates giving you off street parking - but it's currently unloved and overgrown.

Do all that and you can expect to get £700pcm.

That may only increase the annual yield to 6% - but you should be able to re-mortgage based on the higher value. That means when you do come to re-mortgage you should be able to pull most of your initial money out.

It has two ground floor reception rooms. There's even the potential to extend and combine the kitchen and dining room into an open plan social space that will appeal to family tenants.

Upstairs there's a tired tiled bathroom with an electric shower over the bath, two decent sized double bedrooms and a box room.

Your tenants will appreciate the location. It's only 10 minutes drive into the city centre and walking distance to ASDA, the Lakeside Shopping Village and the Dome Leisure Centre.

We're currently managing this property (and can also project manage the refurb for you). This means you don't need to be local or a hands-on landlord to take advantage of this opportunity.

We're expecting this tenanted 3 bedroom family home to get a lot of interest from investors on the lookout for an already cash flowing, hands-free rental with plenty of scope for improvement.

So call us today on 01302 851920 to arrange a viewing.