Thursday, 27 March 2014

Tenanted 2 Bedroom Mid Terrace (8.6% Gross Yield)

According to the selling agent this 2 bedroom £70k mid terrace is rented out at £500pcm

That seems a bit ambitious to me (I'd have erred on the side of caution and advised £450pcm) but that delivers 8.6% Gross Yield based on their figures (or 7.7% based on mine)
It's in a decent SR5 location close to the Stadium of Light Metro and looks to be OK internally, so shouldn't need any further expenditure
Interestingly the same agent has what looks to be a similar tenanted property in the same street for £5k less, not sure if this is an error/duplication but if not it's also worthy of investigation!

For more information call 0191 567 8577 or email neil.whitfield@belvoirlettings.com 

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