Southampton property auction produces a good buy-2-let.

Back on the 27th of January we ran the slide ruler over a couple of properties which were listed for auction last week. One of the properties on Malmesbury Rd, Shirley had two studios and a ground floor flat which was producing an annual rent of £11,800. The property sold at a little over guide at £163,000 giving it's new owner a gross yield of 7.24%. Convertng the two studios to a good 1 bed and refurbing the ground floor unit could push the income to c£15k for small enough outlay. Someone has got a nice deal - well done