'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
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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