Established rental market
Two-bedroom houses in the immediate area appeal to working households and small families.
Selection PS–014
Two-bedroom terrace
North West England
Indicative purchase price
£145,000
Subject to offer and due diligence
01 / Exterior
Representative imagery used for this sample analysis.
Purchase price£145,000
Works allowance£12,000
Estimated rent£950 pcm
Gross yield7.9%
Indicative end value£185,000
01 · Investment case
A straightforward house with practical improvement potential.
The sample opportunity combines an accessible purchase price with established tenant demand and a refurbishment scope focused on the areas that should matter most to future occupants.
Clear improvement plan
Decoration, flooring and targeted kitchen work create a sensible, controllable project.
More than one route
Retain for income or review a refinance once the works and an independent valuation are complete.
02 · The numbers
A transparent first-pass appraisal.
Purchase£145,000
Refurbishment allowance£12,000
Legal, survey & contingency allowance£3,000
Indicative project cost£160,000
Excludes property tax, finance costs and sourcing fees, which depend on the investor and transaction.
Rental evidence snapshot
IllustrativeComparable A
2 bed · 0.3 miles · similar condition
£925 pcmComparable B
2 bed · 0.5 miles · recently updated
£975 pcmWorking assumption
Subject to agent confirmation
£950 pcm03 · Indicative works
Light works, prioritised for letting.
01
Decoration throughout Neutral, durable finish across the main rooms.
£3,00002
Flooring refresh Replace worn carpet and prepare high-traffic areas.
£2,50003
Kitchen improvements Retain workable units; update fronts, worktop and fittings.
£4,00004
Contingency Allowance for minor electrical, plumbing and making good.
£2,50004 · Risks & next checks
What still needs to be proven.
Independent survey Confirm structure, roof, damp and services before exchange.
Rental appraisal Obtain written market-rent evidence from local letting agents.
Costed scope Replace the initial works allowance with contractor quotations.
Finance & tax Validate funding, tax and ownership structure with qualified advisers.
Next opportunity