3 Bed terrace property in Eastleigh should yield 6%

This 3 bed mid terrace property is for Sale by Public Auction on 14th May. It could be a little cracker being well located in the centre of Eastleigh with good access to local shops and transport links. The property will require modernisation but when complete it will made a great buy 2 let with a rental income in the order of £850pcm. The property is on with a guide of £150k and allowing £20k for a refurb (depending upon what needs doing) should return a gross yield of 6%. Needless to say you should get your surveyor and builder to quantify the works required and we can advise on how the property should be finished in order to maximise your rental return.

All the bedrooms are a good size and the property also benefits from rear vehicular access which is a great plus in the location. The property will appeal to professionals and families (there are some great schools nearby) and overall tenant demand will be strong.

If I can assist you in acquiring a buy 2 let in the Southampton market please do get intouch, it would be great to have a chat.