Only one photo but a promising location

A new property to market in Spennymoor is this one on Kentmere-

Kentmere, Spennymoor, Durham

http://www.rightmove.co.uk/property-for-sale/property-50025410.html

It's quite intriguing, because these these properties on the Yuill estate are always popular, but the estate agent has only given us one photo. Robinsons use of o lay one photo obviously leads to questions of why only one, but nonetheless there should be potential in this property.

As I've said, this estate is popular and the average price of a property in Kentmere is £83,696, according to the net house prices website, but recent sakes have been in excess of £105,000-

http://m.nethouseprices.com/soldprices/property_results?street=KENTMERE&town=SPENNYMOOR&outcode=DL16

The latest sold was number 11, and this sold for £109,950 in September 2013, according to the site.

These are all reasonably-sized properties and Yuill seem to have built them better than more modern new homes.even the smallest bedroom is 7'8 x 9'1, which is reasonable. Obviously you'll have to go and view it to get an idea of condition and value but there may he investment potential for a landlord.

Monthly rental return would be in the region of between £550 and £625 per month, depending on the condition of the property. This would mean a gross annual rental return of between 5.7% and 6.5%, based on the asking price. This is a good rental return and is worth a look for all investors.