On the market with a local agent is this ex local-authority house in Pendarves Road with an asking price of £150,000. 3 bed semi Pendarves Road Falmouth
Pendarves Road in Falmouth comprises 81 homes. Most of these properties were built in the mid 1930's. Pendarves Road has an average current value of £146,083, which makes it one of the least expensive places to live in TR11, where the average house price is £244,148.
The asking price seems to be realistic however, as the property appears to be rather outdated, it is likely you will need some spare cash to prepare it for the rental market.
The property has a large power-shower which will be a selling point to some tenants, although a bath/shower combination tends to tick all the boxes.
Once in a suitable condition, it is likely that this property could achieve in the region of £750 - £800 pcm, giving a gross yield of c. 6%.
Three bedroomed semi-detached houses are always in demand in Falmouth and with some lovely views over to the river to the rear and a reasonable amount of on-street parking, this property would make a good investment purchase if the price was negotiated carefully.
Belvoir Falmouth don't sell property - we are lettings specialists, but we do give advice on what might make a good buy-to-let investment in Falmouth and the surrounding area. We don't charge for this service but we would like to manage your property or help you find great tenants!
Annabel Leach Tel: 01326 210304 Email annabel.leach@belvoirlettings.com.
No comments:
Post a Comment