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
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 email@example.com