Thursday, 27 February 2014

'Needs Work' 2 Bed Semi in Redhouse (6.75% Gross Yield)

One of our loyal investors only looks to the Redhouse area of Sunderland when looking to expand his portfolio and not without good reason - properties can often be picked up for less than elsewhere in Sunderland and they tend to attract working families that will stay put


Sunderland Property Blog This 2 bedroom semi needs work - complete redecoration and new flooring throughout and the lack of kichen and bathroom photos should set alarm bells ringing, but even so, allowing a generous £15k on top of the £65,000 asking price will deliver a decent 6.75% Gross Yield based on a conservative £450pcm (£475 may even be achievable)

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