Friday, 14 February 2014

First Floor Moorside Flat (6.5% Gross Yield)

This first floor 2 bedroom Moorside flat is Brand New to the market today so with no internal pictures it may need further investigation over coming days

Sunderland Property Blog

That said at £83,000 it just about stacks up as an investment - I would advise hard negotiation to bring the price in at under £80k

Given it has electric heating you'd be looking at around £450pcm rent & based on the asking price this would deliver an acceptable 6.5% Gross Yield

Similar Moorside flats with gas central heating are more popular and can command upto £495pcm (so any negotiated reduction could be used to fund installation of gas central heating) which would deliver higher returns

For more information call 0191 567 8577 or email to discuss

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