Saturday, 8 February 2014

Another Auction Bargain? 3 Bedroom End of Terrace (+10% Gross Yield?)

This three bedroom end terrace is being sold by auction later this month with a guide price of £54,950

Sunderland Property Blog

It should achieve £495pcm so based on the guide price will achieve a fantastic 10.8% Gross Yield 

If it gets interest and sells at the £77,500 that a similar property sold for in 2013 (the most recent sale on this street) it will still deliver a respectable 7.7% Gross Yield

Internal pictures are limited so do your due dilligence and view before bidding but it could be worth a look, even if it needs work

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