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| Potential Investment Property? |
I'm always on the look out for properties in the Haydock area that are potential investment properties and I've come across a property this week that looks to be of interest. It has been advertised on a dual agency basis with our colleagues at John Brown Estate Agents and Mark Gilbertson Estate Agents, and is available with vacant possession.
It's a 2 bedroom mid terrace cottage situated at the top end of West End Road in Haydock priced at just £45,000. This was originally built around the end of the 19th century as a miners cottage and whilst the miners and the mining industry are long gone in Haydock, the area is a popular residential location and has seen a growth in employment in recent years with the development of the light industrial and distribution hub at Haydock Island next to Junction 23 of the M6 motorway. There is good public and private transport access being on a main bus route into St Helens town centre 2.5 miles away and is less than half a mile from the A580 East Lancashire Road There are good local amenities including a Tesco Express that opened recently less than a 100 yards away.
From the information supplied by the estate agents, the property may only need minor cosmetic work to make it habitable, although you may wish to check whether damp proofing may be required judging by some of the internal photographs. Nonetheless, good examples of these popular terraced homes can attract asking prices of around £65,000, so some capital growth should be easily achievable.
From a rental perspective, my Belvoir business in St Helens manages an identical property a few doors along at £450pcm which gives a whopping 12% yield potential!
For more details on the property from Rightmove click here
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