Friday, 31 January 2014

Will Hopewood Park Hospital lead to a Rental Boom in Ryhope?

I bumped into one of our landlords at last night’s Agents Property Auction (more on the Auction next week…) and we got talking about the new 137 bed Hopewood Park hospital in Ryhope which is due to open in the summer of 2014


Sunderland Property Blog

She was particularly interested in this as she owns a gorgeous 6 bedroom detached house in the exclusive Hopton Drive development opposite – we’ve previously rented this for her out on a long term company let and she wanted my opinion on whether the new hospital would mean there may be more demand from senior medical staff such as consultants

Given Hopewood Park is due to be a teaching hospital we discussed that this may have an impact not only at the top end of the market but across the nearby rental market as a whole as staff members may be seconded there on placement, typically for 12 months at a time

Whilst we would never suggest a 6 bed executive family home would stack up as an investment purchase, owners who may already have such a property may find that there is an increase in rental demand as a result of the Hospital opening

The nearby Beechbrooke development, with its mix of modern apartments and family homes may be of more interest to investors - the 2 bedroom apartments typically achieve £495pcm and based on the most recent sale (£60,000 in Nov 2013) would return 9.9% Gross Yield – there are a couple of flats on the market for sale at a higher price (the lowest being £89,000) which would return 6.6% Gross Yield

These apartments would provide a good 'low maintenance' investment that may suit a first time investor

Three bedroom family homes on the Beechbrooke development start at £160,000 and historically rent at £595pcm, which would return 4.5% Gross Yield – clearly to make financial sense it would require hard negotiation on the sale price as even a rent increase (due to greater demand) up to £650pcm would only increase Gross Yields to 4.8%

Moving a little further afield, Ryhope also has a number of older style terraced or semi-detached properties that will be popular with Key Workers and may make better investments – a good standard 2 or 3 bedroom property will achieve £450 - £495pcm and based on asking prices of around £65,000 - £75,000 they can return Gross Yields of between 7.5 - 8.5%

If you’d like to discuss Buy to Let investment properties in Ryhope or elsewhere in Sunderland please call us on 0191 567 8577 or email

Thursday, 30 January 2014

2 Bedroom Top Floor Flat in Popular Location (8.6% Gross Yield)

We've managed a flat in this block for several years so know that this one, which is new to the market and available at £55,000, will be popular with a wide range of tenants

Sunderland Property Blog
Whilst in the past rents have tipped over £400pcm, a realistic rent given the current market is £395pcm, which would deliver 8.6% Gross Yield
The flat is in good condition with a modern kitchen and bathroom and looks 'ready to let'

Call us on 0191 567 8577 or email for more information

2 Bedroom City Centre Townhouse (+6.75% Gross Yield)

This 2 bedroom, 3 story townhouse is within walking distance of Sunderland City Centre & Mowbray Park and comes with both off street parking and a single garage

Sunderland Property Blog

It's for sale at £79,950 and will deliver a minimum 6.75% Gross Yield based on £450pcm rent - it may be possible to both reduce the price and achieve a slightly higher rent (£475pcm) which is likely to deliver above 7%

Call us on 0191 567 8577 or email for more information

Monday, 27 January 2014

Two Bedroom First Floor Flat (7.5% Gross Yield)

This two bedroom first floor flat is being marketed for sale at OIRO £63,950 - based on this and an achievable rent of £400pcm it will return a Gross Yield of 7.5%

Sunderland Property Blog
Whilst the Thorney Close area has a mix of working and non-working tenants, this flat is in good condition with modern kitchen and bathroom, so it will attract a working tenant

Call us on 0191 567 8577 or email for more information

Two Bedroom Terraced Cottage (7.3% Gross Yield)

This 2 bedroom terraced 'cottage' is new to the market and at £69,000 is worth a look as a 'low effort' investment

Sunderland Property Blog
It's located close to Millfield Metro and near to both the University & Sunderland Royal Hospital

It will return £425pcm and based on the above this will deliver a 7.3% Gross Yield

Give us a call on 0191 567 8577 or email for more information

Bargain Alert!! Tidy 2 Bedroom Flat in Very Lettable Block (+13% Gross Yield)

Bargains like this don't come along very often! 

This 2 bedroom flat is in a block we know well as we have managed a similar flat here for several years

Sunderland Property Blog

This ground floor flat is an absolute steal at £39,000, it will return over 13% gross yield based on a very achievable £425pcm)

It's likely to get snapped up quickly at this price so get in touch for more information 

Call 0191 567 8577 or email

Thursday, 23 January 2014

Two Bedroom Terrace For Sale by Auction - Close to Sunderland Royal Hospital

This 2 bedroom terrace is 'ready to let' and as it's located a stone's throw away from Sunderland Royal Hospital is likely to be popular with a wide range of tenants

Sunderland Property Blog

It's being sold at Auction at the end of February with a guide price of £54,950
It will achieve at least £450pcm rent (possibly £475) so based on a total investment of £77,000 will deliver a 7.0% Gross Yield

This looks feasible given the most recent sale in this street was for a similar property for £78,000 in 2011

For more information please give us a call on 0191 567 8577 or email

Moorside Outperforms Ashbrooke By Almost 40%

A landlord contacted us for advice having been advised to look at purchasing a flat in Ashbrooke as an investment but also having heard that Moorside was a popular area for young professional renters, being close to the A19 and the many employers in Doxford International Business Park

Sunderland Property Blog

Ashbrooke has often been considered one of the most popular locations for young professional renters as it is so close to the City Centre. 

The average price for a 2 bedroom flat in Ashbrooke is around £115,000 and rents are around £495 per calendar month, giving a gross yield of 5.2%

When we compared the two areas, we found that the average price of a 2 bedroom flat in Moorside is £75,000 and the average rent is £450pcm, giving a gross yield of 7.2%

However, we must remember that yield is not the sole consideration when investing in Buy to Let. The average value of a 2 bedroom flat in Ashbrooke has risen by 2.1% since 2008 and the value of 2 bedroom Moorside flats has risen by 2.95% during the same period.

If you would like to discuss Buy to Let property in Sunderland, feel free to give us a call on 0191 567 8577, visit our office in Frederick Street or email me