Friday, 14 February 2014

Modern Apartment in SR2 (Potential for 7.9% Gross Yield)...Worth a Look!

We featured a similar apartment in this block in January and this one, which is new to the market today, is also worthy of consideration

Sunderland Property Blog
We've rented an apartment here at £495pcm in recent months so based on the £75k asking price it will deliver 7.9% Gross Yield - I would factor in a little extra for decoration & new carpets but £2,000 should do it

You should base your purchase decision on the likely yield but given this sold at the 2007 peak for £115,000 there is clearly scope for capital growth once the sales market picks up & prices rally


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