Thursday, 18 December 2014

An unusual property will bring much attention

It's close to Christmas, but houses are still appearing on Rightmove this week. The following 2 bedroom house has come to the market via Robinsons -

Studley Drive, Spennymoor, County Durham
http://www.rightmove.co.uk/property-for-sale/property-49630004.html

It's got an asking price of £87,950 (the lack of knowledge about portal pricing shows through again, unfortunately.)

It's modern, still under NHBC guarantee and looks clean, modern and well laid out in the photos. There are 8 photos, but 2 are of the bathroom and one of the hall, so quite a let down there. It's also obvious that the light conditions weren't great when the photo was taken, which is a real shame as natural light helps to sell a property.

This aside, it should attract interest from owner occupies and some landlords. I would suggest a rental return of between £450 and £475, which means a gross annual return of between 6.1% and 6.5% based on the asking price.

It's a good property that's under a guarantee and looks well-maintained from the photos. It will attract attention, if not quite at this price.

Check out my ebook on how to sell your home-

What Traditional Estate Agents don't tell you: A guide to getting the most out of selling your home by Steven Thompson http://www.amazon.co.uk/dp/B00I5HOJAM/ref=cm_sw_r_udp_awd_L-VKub0NF763Q

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