Friday, 1 May 2015

4 bed house in fantastic location in Meanwood with potential 10% return

This great 4 bed house located on Monkbridge Grove in Meanwood is in a fantastic spot and ideal for young professionals. It's located minutes away from all the shops, bars and restaurants and is right in the centre of everything so it's in a highly sought after area. 

This property is for sale by auction so the very attractive low guide price of £110,000 is likely there just to gain interest. The reserve price will no doubt be a little higher but if you managed to get it for around £140,000 you'd still be looking at a very healthy return. 

There's no floor plan provided with the advert so obviously a viewing is vital but from looking at the advert there looks to be 4 good size bedrooms and 2 full bathrooms. With a little bit of cosmetic work done to the house to smarten it up it could easily let for around £300/month per person (£14,400 per annum) which if bought for around £140,000 would give you a great 10% return.

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