On the 2nd of March Edward Mellor reduced a three-bedroom mid-terrace property to £140,000 and set an auction date of the 10th of March.
Having had a look at the description and photos (which can be found here) the house itself is in reasonable condition, although it will need some cosmetic upgrading before being brought to the rental market.
Local rental trends suggest a monthly figure of between £700 and £725, which gives a gross return of around 6% based on the asking price.
The current rental market is incredibly busy, we recently marketed a three-bedroom mews property in Marple at £795, after less than 24 hours we had to close viewings as we had reached double figures for viewings. If you are looking to maximise your rental return then now is definitely the time to try!