Real Investment Opportunity - This property looks cheap, on Redearth Rd Darwen.

Real £55k Bargain, but avoid using Blue....

To Cheap? or Too Good to be True, or is it the Blue Paint?

I've always said that Blue is the worst colour to use in our job, it just doesn't help sell or rent houses.



So why hasn't this one sold? Now whether I can blame the use of blue paint on this one might be stretching it a bit?

Avoid using Blue!

Have a look for yourself, here's the link...

http://www.zoopla.co.uk/for-sale/details/35971307?search_identifier=d6fd6c14e386be8f43fbc90e46792b8a#hye8HH7HeotCadeK.97

Up at £55k with our friends at Proctors, this property up Redearth Road in Darwen, just up from the town centre, looks like a real bargain to me.

Now I have to qualify that a bit because there are no photos with this listing, other than the front picture, AND I haven't been or seen in side it, so it could be a real mess?

Probably needs a good spend....
 
That said, Ive seen some messes in my time and 20-30k will go an awful long way on a refurb, and a proper refurb at that! (that includes the £100 to repaint the front a different colour)

So if I bought it and had to spend £30k on it it would be a mint job and be worth a lot more - and pull a very handsome rent too. So at worst it still looks a very good buy.

Get the refurb right - get the right profit.

Getting refurbs right is important and shouldn't be ignored.
Whilst in my job I see some real wrecks that need refurbing, I also see some shameful refurbs that cost the investor a fortune - and that's not as uncommon as it sounds. Bad tiling, bad decorating, bad kitchen fitting, and the rest.

Getting the refurb right is where the profit is, and you might have hear me say... 'the money is (always) in the detail', try to remember this.

I have huge portfolio of refubs I can show you if you get chance to call in. Some from as low as £7k (mini refurbs) and others over £100k.

So what's so good about this one?

So what else makes this one a good buy, surely it's 'just another' fifty grander in Darwen? I hear you ask...

Well, I know Darwen like the back of my hand, and we have several other properties on Redearth Rd. and this block in particular and they all pull in decent rents.

These bay window, garden fronted ones are 'huge' inside. Plus they have big cellars too and so appeal to a wide audience house hunters - both for renting and buying.

Also, they do bring good prices on this row, and we get premium rents on this block just because of the size of them.

PS.. Debs in our office sold one on this block not long ago and got over £75k for it - and that needed a full refurb.

My Opinion - Buy (But do view it first)

Hopefully you haven't missed it.

If you want me to view it for you give me a ring, or ping me an email. I'd be more than happy to. I could give you a 'ball park' on the works needed and get our contractors to price up the job if you buy it.

Or of course, just bob into the office for a coffee and a chat.

(I'm also happy to discuss and offer a second opinion on anything else you might have seen in Darwen.)

Paul@AinsworthLordEstates.com
Tel 01254 760660

49 Market St 
Darwen
BB3 1PS
(There's plenty parking)

9% Yield on Lord St Darwen, up with an Estate Agents in Darwen. found by Paul Ainsworth Lord

An Easy 9% Yield up for grabs here...

Properties with yields above 7% have been a bit thin on the ground this last few months. But, then this one bobbed up the other day and caught my eye. Certainly worth looking at, given there's an easy 9% return to be had on this one.



It's up for sale with one of the Estate Agents in Darwen - our friends across the road from my office, in the YourMove Agency.

9% 'er on Lord St in Darwen - No Brainer!

Here's the link to it:

 http://www.zoopla.co.uk/for-sale/details/36577987?search_identifier=69aac2a523d72c96d9d98666ffe5dbc0

Hopefully, they won't have tipped off some of their registered investors to this one.


Good Rental St and tenants tend to stay long term.

I know Lord St pretty well, and they always rent pretty well on there. We have several we manage on this street and they all bring in decent rents, and as it happens the turnover is low, which is always a bonus and helps to keep the yields up.


It Needs a bit of TLC - but that's not unusual at this price.

Now this property is nothing fancy, and looking at the pictures closely, it's clear that this one needs a bit of TLC to bring the standard up a bit, but don't let that put you off.

After all properties in this price range are becoming harder and harder to find in Darwen. So if I was buying it I'd expect to have to spend a few bob on it anyway.

Needs a bit of TLC

My Suggestion: BUY

But I don't like that street?

This is something I hear some of the less experienced investors say when I recommend they buy properties on streets they wouldn't perhaps live on themselves.

Well forget that. This is an investment business guys. All you need to focus on is this...

1. How much is it?
2. How much do i need to spend on it?
3. Will it rent out?
4. How much rent will I get, and what's the yield?
5. Will it go up in value?

In our business answers that can satisfy the above questions are all that matter.

You heard it here.... buy this one. It will be a nice addition to any portfolio.

If you're still unsure or what to have a chat about this one, or any others you have seen, then why not give me a ring? or ping me an email?

(Or of course you could bob into the office for a coffee and a chat)

you should know here I am by now..

Paul@AinsworthLordEstates.com
Tel: 01254 760660

Ainsworth Lord Estates
49 Market St Darwen BB3 1PS (There's plenty of parking)

Wow! 12% Property Investment from Estate Agents in Darwen, Paul Ainsworth Lord

Well property hunters, I've come across this little hidden gem on Frances St in Darwen, that looks like it could potentially give us a luvvly 12% yield.

But surely it's not as good as it sounds, is it? I hear you ask yourself....


Well. On the face of it, that's what the numbers tell me. The snag is, without a viewing we can't really be that sure. But hey ho, it's only a phone call away. And if your from out of town I'll view it for you and let you have my thoughts,I can't offer better than that?

This property has been on a while with our friends in the Darwen YourMove office, and obviously hasn't sold yet. I wonder why?

12% We'll have a load of these, yes please!

Here's the link to it...
 http://www.zoopla.co.uk/for-sale/details/36261553?search_identifier=1368c4ae420e03c9ec6cb3114f4f70f2#zoqDIDsTzQhd3qgg.97

Well, if you have a look at the listing on zoopla etc... you will see that they are economical with the pictures they have used. There are no pictures of the bathroom or kitchen - and as us property investors know, these are the two most important rooms in the property when it comes to both selling or renting.

And the absence of these important pictures stops potential viewers in their tracks (It's not rocket science).

Font Lounge Picture - but that's all

If this little baby needs either or both of these upgrading then we will need to add a further cost to our purchase price.

A nice bathroom and kitchen will cost around 5k. So it's not the end of the world and still a decent buy (albeit reduce the yield by a few percent). But viewing will help solve this mystery.

We have properties on this street tht rent out no problem at all, and we get decent rents and returns on them. So this once is certainly one I think is worth a closer look.

As always, if you want to chat some more about this little baby and perhaps any others you are considering, I'm always happy to offer a second opinion.

Why not bob in to the office for a coffee and a chat (we only do nice coffee). Or ping me an email on:

Paul@AinsworthLordEstates.com
My number is 01254 760660.

Always happy to offer a second opinion...

We only do nice coffee!