Monday, 4 April 2016
House in Burley with fantastic potential for 12% return
This fantastic 2 bed house on Woodside Place in Burley is on with Manning Stainton for a great low price of £95,000. It's positioned in a part of Burley that it much sought after for professionals with it's proximity to Kirkstall Road which has great links into the city centre.
From the looks of things, the place does need modernising. It will need a new kitchen, flooring, decorating and new furniture but with such a low asking price you'd still be making a good return on your investment.
What's more is that this property definitely has the potential to be made into a three bed. It currently has a very large living room in the basement that could easily be converted to a spacious third bedroom. You would then be able to utilise what is currently a large dining room next to the kitchen as the living room and you still wouldn't be compromising on space.
Houses providing this much space along with 3 large bedrooms in this area can easily achieve £1,050pcm. Even if you paid the asking price of £95,000 and spend around £10k doing up the place, you'd still be looking at a fantastic return of 12%.
With all of this potential I can guarantee it won't be on the market for long!