Jump to content

Investing in East Manchester


Recommended Posts

Hi Everyone, 

 

Looking for some advice. I have just returned from a couple of days viewing property in Manchester. I am totally new to investing and to Manchester. I found a property in a town in East Manchester called Openshaw. It is a large 4-bed property on the market for £104k. It needs a bit of work, I guess, but nothing major. The rent that can be achieved on this, according to the agent is between £650- 750 per month, depending on the refurb. The Done UP Value of the property is only £115K. So once the property is refurbished I will have paid more money than the property is currently valued at. What do I look at, the great cash flow it is generating or that it is above market value? Thanks Chim

Link to post

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
×
×
  • Create New...