Kent Road
Goole, DN14 6TD
£120,000
Substantial three-bedroom terraced house across two storeys, presenting compelling value-add opportunity through renovation. Currently vacant with immediate access for refurbishment works, this property offers experienced investors the chance to unlock significant value appreciation through modernisation, with projected £850pcm rental income upon completion, delivering strong returns on total investment.
The property requires comprehensive renovation throughout, providing clear pathways for value creation through targeted improvements. The scope of works allows investors to tailor refurbishment standards to optimise rental positioning and returns, whether targeting premium tenants with high-specification finishes or maximising yield through cost-effective updates. Additionally, the kerb can be dropped to add a driveway, creating valuable off-street parking that significantly enhances tenant appeal and rental value. The three-bedroom layout across two floors offers excellent rental appeal once renovated, attracting family tenants and professional sharers in this proven rental market.
Positioned in a peaceful and desirable residential location, the property benefits from a tranquil setting that attracts quality long-term tenants. The vacant possession eliminates tenant management complications during the renovation period, enabling swift project commencement and completion.
Property Investor Details
Tenure
Council Tax Band
A
Minimum management fee
£85pcm
Current rental income
N/A
Expected rental income
£850pcm
Annual rental income
£10,200
Gross yield cash purchase
8.50%
Net yield cash purchase
7.65%
Net yield remortgaged
15.60%
Property Management Solutions
Download our Lettings Brochure to find out how we can manage your investment property after you've made the purchase. Our service quality is easily among the best while offering investor-friendly pricing.
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