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 neil.whitfield@belvoirlettings.com to discuss

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