This property presents a compelling investment prospect in the sought-after area of Clay Cross, characterized by robust demand from both buyers and tenants. The residence requires comprehensive refurbishment and modernization throughout, providing an excellent chance for investors to enhance its value substantially. Comparable sales and current valuation estimates suggest that, following refurbishment, the property's worth could reach between £90,000 and £100,000 or more.
The anticipated costs for the necessary renovations are projected to fall between £10,000 and £15,000, which indicates a potential for lucrative resale profits or a solid buy-to-let opportunity once upgrades are made. Covering an area of 442 sqft, this space lends itself well to multiple uses and is situated in a consistently strong rental market capable of attracting long-term tenants for around £600 per month.
Please note that any appliances or systems depicted in media have not been verified by us and will be subject to an agreement concerning fixtures and fittings with the seller. Upon acceptance of an offer, a deposit of £7,000 will be necessary to secure the property as per our terms. Additionally, a non-refundable reservation fee of £600 (including VAT) is required separately from the purchase price. Cash buyers must agree to indemnify searches and surveys as specified in our terms.
