This property stands out from the crowd this week

There is a plethora of properties come to the market this week as the first property season of the year starts to really tak hold. There have been 24 properties uploaded into Rightmove in the last 3 days alone. One that caught my eye is this on Jackson Street-

JACKSON STREET, Spennymoor, DL16

http://www.rightmove.co.uk/property-for-sale/property-48072358.html

It is a 4 bedroom terraced house that has gone in the market for Offer In The Region Of £84,950. That's a lotoif bedrooms for the money!

The property is marketed by Harringtons and they have put a full description and a full set of photographs on their listing. The property is double fronted and the agent states that it is double glazed with central heating. Of course, you will have to view yourself to establish what refurbishment is needed, if any, but from the description and photographs it looks like it is in a good state of repair and could probably be let out pretty quickly.

Now with so many properties coming to the market at the moment, there is a lot of competition for every property in terms of finding a buyer but this property definitely has investment potential.

I wpd expect a monty rental return of between £575 and £650 per month. This is a gross annual rental return of between 8.1% and 9.2%, based on the asking price. A standard expected rental return is quoted as 6%, so this looks like a much better bet than that.

It's probably worth a look and a potential 9% rental return is always worth consideration.

Does this Caldermere property have investment potential?

This 3 bedroom detached house in Caldermere has come into the market this week-

CALDERMERE, SPENNYMOOR, SPENNYMOOR DISTRICT
http://www.rightmove.co.uk/property-for-sale/property-47345912.html

It's on at offers in the region of £144,000, which is still fairly competitive for a 3 bedroom detached home in Spennymoor.

I haven't seen the property myself, but it being detached, there is often an opportunity to extend when buying detached.

Looking through the estate agents poor descriptive term of "immaculately presented" (what is that supposed to mean?) it looks like a property that's been taken care of. You would need to go and see it before making any conclusions in this area, but a low or no maintenance purchase will make life easier.

I would expect a rental return of between £550 and £600 per calendar month, which is a gross annual return of between 4.6% and 5%, which is probably a little on the low side for investors, but is still a solid investment and a good buy in a popular location.

Investment potential on Chestnut Avenue

Although there seems like a lot of refurbishment work to be done to this property, it looks as though there may be some investment potential in this ; bedroom Spennymoor property-

 CHESTNUT AVENUE, SPENNYMOOR, SPENNYMOOR DISTRICT

http://www.rightmove.co.uk/property-for-sale/property-48540317.html

Priced at £55,000 for a 4 bedroom semi detached house, there is and always will be a strong rental demand for family homes in the Spennymoor area from private and housing benefit tenants.

The property itself looks like it needs some TLC, but offers a good size of accommodation and would present any investment landlord with a good potential for rental return.

I'd expect a rental return of between £425 and £475 per month, which wpuld give a gross rental yield of between 9.2% and 10.3%, based on the asking price of £55,000. This is a good rate of rental return for an investor, with 8% always quoted as an industry benchmark.

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