Here’s a video of my latest purchase, a flat I bought in Newcastle upon Tyne for £30k!
If you’re from London you might think I’ve lost the plot, or that’s a typo, but neither is right. It’s still possible to find great deals if you look and, because the market hasn’t picked up yet like it has in other parts of the country, you don’t have to look that hard.
The video doesn’t have a commentary – I might add one later.
The bullet points are:
The internal passage wall is damp because the roof needs fixing
The kitchen is fine
I could keep the bathroom but have decided to replace it
I own the flat underneath, which makes this a very interesting buy as I now control the court yard … I’m thinking of putting on some nice wrought iron gates and making it into secured parking
It’s going to cost a max of £8k to do it up
Should be able to finance based on a value of say £55k when done up
Will rent all day long at £400 a month