We purchased a 2 bedroom mid terrace on behalf of one of our clients which was in need of some cosmetic improvements. To make better use of the space and to open up the property up to a larger rental market we created a third bedroom. We also carried out a cosmetic facelift on the property before marketing and finding a tenant.
This property is currently generating Gross Yields of 9.47% and a Return on Investment of 19% Per Annum for our clients. We advised our client to hold this investment for a minimum of 10 years which for this property would deliver a 450% return on their initial investment.
